Prediction

Yogi Berra is supposed to have said, "It's hard to make predictions, especially about the future." Wikipedia says Niels Bohr said something similar, I don't know about that. But go read the article on prediction and the stuff earlier in my blog.

Telling the future is one meaning of prediction. What we mean by it is, one can predict to the extent to which knowing one thing helps us know another thing. That is, knowing a person's age helps us predict his wealth, since age and wealth move together.

Automobile ownership helps us predict social attitudes of the owners. That is a person who drives a Toyota Prius has different attitudes than a person who drives a Jaguar.

In starting or running our businesses we want to develop indicators that predict other data. That is, the number of customers who buy our product in one period of time is a good predictor of profit, given that expenses don't go up or down radically. Or the market share of competitors in a niche predicts the likelihood that we will be success entering that niche.

Entrepreneurship is the life's blood of all my professional activities. It makes them go. And go read my mystery for free at wwww.kearneymusicschoolmurders.blogspot.com or buy it from Amazon.com more cheaply than you can print it out.