How far back and forward do we usually go for public company comparable and precedent transaction multiples?

Can you please help me with that question? I have found next answer in internet: "Usually you look at the TTM (Trailing Twelve Months) period for both sets, and then you look forward either 1 or 2 years". But I can't understand how we can look forvard for public company comparable and precedent transaction multiples. We don't know yet about future transaction so how can we do that? Thanks!

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How do you do a trailing 12 month model if you're not at year end? Like, what if you only have 6 months worth of data for the current 2 quarters of the year, how do you adjust your EBITDA and stuff for those last 2 quarters?

 

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