Statistics

Stock traders are interested in the most probable close price. Common sense says that this should be close to some kind of an average. The arithmetic mean and weighted average are ways to find the center of a distribution of values. However, neither are robust nor sensitive to outliers. For instance, if we had a close price value of a million dollars, this would have influenced the outcome of our calculations.

..................Content has been hidden....................

You can't read the all page of ebook, please click here login for view all page.
Reset
18.189.193.172