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Old 11-11-2007, 01:43 AM
jjk2 jjk2 is offline
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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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Old 11-11-2007, 10:42 AM
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zupcon zupcon is offline
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Quote:
Originally Posted by jjk2 View Post
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 ?

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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Old 11-11-2007, 12:51 PM
drgoodvibe drgoodvibe is offline
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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.
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