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What are the pros and cons of using prior statistics to make management decisions for future plannin

Recording performance statistics of a network is considered to be a vital task of the network manager. What are the advantages and disadvantages of using prior statistics to make management decisions for future planning and what alternatives exist?
This is an excellent question, and my response is too long to fit in this Q&A format. Please see my entire response here:
https://searchnetworking.techtarget.com/tip/Analyzing-your-network-Statistical-monitoring-vs-real-time-performance
This was last published in September 2003

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