At a time when people are wondering about the security of the economy, Treadway's comments struck a chord during his presentation on "20/20 Foresight: Looking Into the Future of the Mechanical Service Industry."
"Like the meteorologists, your forecast and actions should account for the variables and adjust as time progresses," Treadway said to the contractors. "When the future moves closer, we can be more specific. Hurricane forecasters give a range and margin for error," which is appropriate for forecasting.
He said most people try to offer a best-guess scenario when they try to predict the future. The biggest mistakes in this method are: