Implied Volatility wins out again!

Ok, so it is sort of cheating to post work on which I am a co-author, but given I just spent the entire afternoon on the phone, I am short on time, so this will have to suffice.SSRN-Forecasting Power of Implied Volatility: Evidence from Individual Equities by Jonathan Godbey, James Mahar:1) implied volatility is a better forecaster of realized volatility than either historic volatility or GARCH