Analytics and the Future
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The chapter explores the extent to which mathematical analysis helps us see the future. It looks at the challenge today’s “big data” presents to our mathematical abilities. Beginning with explanations of linear, logistic (s-shaped), and exponential growth, the chapter notes the limits to growth and where they apply. It introduces the “reaction curve” that for an industry incumbent mirrors the well-known “hype curve.” Following a discussion of price–performance curves, it addresses demographic forecasting, Kondratieff waves, and real options. The chapter concludes by showing why automating some white-collar functions can resolve the principal-agent problem.
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