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LinkBack (1) | Thread Tools |
11-11-2007, 01:43 AM
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statistical models outperform subjective forecast
this is from a book called evidence based technical analysis...
is it really true that statistical models applied to financial market is far more accurate than charting ?     |
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11-11-2007, 10:42 AM
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Quote:
Is that book by David Aronson ?, if so its a great into to basic statistics. Charts are not the market, they're just an abstract view of the market, and as such they introduce a bias into the way you perceive reality. Statistics just give a different view of the the same information, or in some cases a more detailed view of information that's not immediately apparent. In what way isn't a chart accurate ? it only shows 4 prices occurring over some arbitrary time period |
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11-11-2007, 12:51 PM
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Sociologists happen to use statistics to measure people's wants and needs and thinking all the time. Using statistics in trading is just a tool to measure trader/investor psychology.
__________________
Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com |
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| Posted By | For | Type | Date |
| statistical models outperform subjective forecast | Stop Collection Agency Scams | This thread | Pingback | 11-13-2007 07:56 PM |
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