History Forecasting
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"The danger of forecasting based on history alone is that history is not constant. Conditions are always changing and there are several variables affected. You can create a meaningful forecast that does reflect changing conditions by allowing for the fluctuation of these changing conditions and basing it on the fact that although conditions do change, history does eventually repeat itself." Explain.
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Solution Summary
Dangers of history forecasting when the history is not constant.
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History shows that for things like stocks and consumer demand, there is a trend that follows. For stocks, it says that when stocks go down, they always go up. This may take a while but history has shown ...
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