Cole Caulifield
Registered User
- Apr 22, 2004
- 27,967
- 2,465
Wetcoaster said:That will come as huge surprise to business people everywhere (and their bankers).
If projections were accurate all the time, no business would ever go bankrupt, everyone playing stock markets would be multi-millionaires, etc
Obviously projections can't account for every possible variables.
I've followed a class on this in relation to how a plant can use projections to determine their stocks, materials required, production, etc. It's obvious that such models exist for the stock markets and business people, banks, etc. But do you agree that every model can be contested, none can be fully trusted.
You never know when you'll have another 2000 bug, war, recession, etc. Such things can't always be taken into account. Humans are unpredictable.
As i've said, projections can be an useful tool in some given circumstances where all variables can be nailed down. But the problem is it's not that easy. Projections are not something you can rely on with 100% accuracy, no businessman do that if they want to get rich.