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Has Kramer violated the Standard on communication with clients and prospective clients?

A Yes, because she failed to indicate that 15% growth is an estimate.

Kramer violated Standard V(B) Communication with Clients and Prospective Clients. The problem is with the word “will.” Kramer should have used “is estimated to be” to separate fact from opinion. Statistical estimates of future events are subject to change and should not be presented as certainties. She need not give complete details of the statistical model but should indicate its general characteristics and the important factors involved in her projections.

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