This activity is geared more towards K-1.
Use the picture cards to help your students make predictions based on what they see and have experienced.
After students have gotten a better grasp, have students practice making predictions by setting out the pictures in a center.
The last pages I use with my students in their reading journals. They glue on the long tab and cut on the dotted lines. They make their predictions based on the cover and illustrations. Then when i am done reading they fill out what really happened in the story.