But forecasting, by definition, doesn’t start with first principles. With forecasting, we look in the rearview mirror and at the raw materials in front of us, rather than the possibilities ahead. When we forecast, we ask, “What can we do with what we have?” Often, the status quo itself is part of the problem. Forecasting takes all our problematic assumptions and biases and propels them into the future. In so doing, it artificially restricts our vision of what is feasible, given the current circumstances.
