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Prediction
A probabilistic statement about a possible future event or future state associated with an asset, which is based on assumptions and relies upon any one of a number of projection techniques.

For example:
  • I predict that we will need to replace our roof within the next 2 years ("Future Event")
  • We predict that our reserve fund will be depleted in two years if we do not increase our current funding level ("Future State")
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Fig. 10-year prediction of capital expenditures shown graphically as purple bars on a chart.

See also:


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