as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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distinguish between inference and prediction.
user
inference is the process of drawing conclusions from existing data, while prediction is the process of making predictions about future events or outcomes based on current data. inference relies on past patterns to inform future decisions, while prediction is based upon the theory that similar conditions and circumstances will produce similar outcomes.
assistant