Predicitng future results of a system.

oiltanker

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What method do people use to predict the results of their system and what do they do if their results do not match those predictions?

a model should be predictive?

to give some context there is lecture at gresham college that can be read or watched called

Regulating the above average: Luck or skill? by Professor Michael Mainelli here

Gresham College | Search Lectures and Events

that has some interesting things to say about performance management in finance.
 
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