What Does Empirical Data Mean?

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What does Empirical Data mean? Read on to discover the definition & meaning of the term Empirical Data - to help you better understand the language used in insurance policies.

Empirical Data

Empirical Data

Depends on data gathered from past events; it is trying to predict the future based on what has happened in the past.

We hope the you have a better understanding of the meaning of Empirical Data.

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