"But little do we know about the impacts they have on our lives. By definition, Fact is a piece of information supported by proof while assumptions are things that are believed to be true. An assumption is something that we learned previously through our experience and did not question.Feb 27, 2017
FACTS vs. ASSUMPTIONS - WHAT IS THE DIFFERENCE?
The difference between a fact and an assumption may not be obvious. A fact is something that has occurred or is actually the case. The usual test for a statement of fact is verifiability; that is, whether it can be proven.
An assumption, on the other hand, is a belief without proof. We, as a society, have grown accustomed to assumptions being presented to us as facts. Advertisers routinely present assumptions as facts as a means of influencing our purchasing decisions; political candidates present assumptions as facts in order to garner public support; friends and colleagues often present assumptions as facts in order to obtain our approval or agreement.
There are times when we need to act on certain assumptions without checking for the proof (or support) behind them. However, when it comes to the credibility, reliability and acceptance of an expert report for purposes of litigation it is essential that the key assumptions underlying the expert's opinion be clearly disclosed and, where possible, supported by consideration of the relevant facts.
News 
Market Data 
Discover 
