by Patrick Burns.

Abstract: We report on a study of the ability of analysts to distinguish an actual price series of an equity from random alternatives. Virtually all of the statistical tests on the results support the hypothesis that no skill was exhibited in selecting the correct response. Many of the analysts were extremely over-confident about their ability to select correct answers. The one area where it seems skill might have been exhibited is in the selection of correct answers that happened to be far from the random choices.

This version: 2003 October 07 (pdf)

Play the game yourself.

Kommentarer inaktiverade för The Technical Analysis Challenge

See more

Explore more content and blog posts.

  • jun 25, 26

    Several packages on CRAN provide (or relate to) interfaces between databases and R.  Here is a summary, mostly in the words of the package descriptions.  Remember that package names are [...]

  • jun 25, 26

    Chapter 32 of Tao Te Programming advises you to make bricks instead of monoliths.  Here is an example. The example is written with the syntax of R and is a [...]

  • jun 25, 26

    There is a mechanism that allows variability in the arguments given to R functions.  Technically it is ellipsis, but more commonly called ”…”, dots, dot-dot-dot or three-dots. Basics The three-dots [...]