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Descriptive Statistics In The Financial Blogosphere

Anyone using excel can generate descriptive statistics based on market data, such as the mean, standard deviation, kurtosis and skewness of returns, or even the percentage of winning trading days after specific holidays. Such descriptive statistics are for the most part useless for trading the markets and this fact is based on mathematics, not only common sense. Anyone who relies on descriptive statistics for trading the markets is doomed to fail . . .

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