When examining the economy and society, patterns of data are crucial. They help forecasters to estimate what is likely to happen in the future. The more accurate the forecast, the better governments, companies and individuals can anticipate how they should respond. When expected patterns are off, there may be trouble coming, and that is what’s happening today.
Past Performance And All That
The typical warning that past performance offers no guarantee of future results is apt. And yet, broad, repeated rhythms and movements are usually important. If there were no hope of the past offering insight, even the greatest experts would likely throw…
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