Advisers routinely overuse past information to predict future optimal asset allocations for retail clients.
Sales and marketing tend to be inwardly focused and rely on past experiences to predict future outcomes.
Forecasters, he says, still rely on past usage patterns to predict future ones, and that can lead to faulty forecasts.
Bank loan funds cite historically low default and high recovery rates, but many fail to cite nuances that imply that past performance may not predict future performance.
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While past performance does not predict the future, we can still learn from it.
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Only in this case, that man is Michael Ruppert, who also looks at the trends of the past few decades to predict the future.
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In fact, most investors we know look at past earnings growth in order to predict future earnings growth.
Studying the past does not let us predict the future, but it provides a better guide than not studying it, and the academic evidence has more to tell us.
From their observations, they were able to calculate the asteroid's future and past paths and predict Friday's near-miss - which will be the closest the object comes for at least 30 years.
Since corporations can no longer predict the future based on the past, uncertainty is high.
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Professor Lobell said the study only referred to past relationships, as extrapolating the findings to predict future trends would require a number of assumptions to be made.
These changes are difficult to plan for, as past water patterns can no longer be used to predict the future.
To understand the present and predict the future, we must look to the past, specifically previous attempts to replace magnetic stripe credit cards.
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In that world, the immediate past and near future were usually similar enough to allow us to predict the future with some confidence.
The study of the past doesn't yield unalterable laws that allow one to predict the future with the same certainty that a physicist can chart the trajectory and velocity of a falling object.
Black: You can't predict one's future, but you can look at the past.
Other studies have found that to some extent it is possible to predict future house-price movements from information available now, namely past price increases and the deviation of prices from their long-run trend.
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