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  1. Set prediction period

  2. Change assumptions about monetary policy

  3. Change exogenous variables

  4. Modify equations by the use of add factors

  5. Drop or add equations

  6. Take equations to begin after the beginning of the prediction period

  7. Modify the equations

  8. Solve the model and examine the results

  9. Examine the results without solving the model (this is generally not recommended)