V.5:10 (325-325): Understanding Randomness Exercises For Statisticians by Clifford J. Sherry, Ph.D.
Product Description
Understanding Randomness Exercises For Statisticians by Clifford J. Sherry, Ph.D.
Author: David Salsburg
Publisher: Marcel Dekker, NY, 1983
If you are an investor, whether you believe in the efficient market hypothesis or not, it important for you to understand how a random process works. This book consists of a series of exercises that are designed to help the reader distinguish between patterns that occur in a series of numbers (stock prices, etc.) as a result of random noise and those that occur because of some underlying structure.
Some understanding of elementary statistics (chi-square, etc.) is helpful, but a strong mathematical background is not required to understand the text or the exercises. The exercises in the book are designed to be played with using simple statistics and seeing how various manipulations of the sample data affect the ultimate results. The reader is encouraged to create graphical displays, so as to examine the patterns in different ways.
Author: David Salsburg
Publisher: Marcel Dekker, NY, 1983
If you are an investor, whether you believe in the efficient market hypothesis or not, it important for you to understand how a random process works. This book consists of a series of exercises that are designed to help the reader distinguish between patterns that occur in a series of numbers (stock prices, etc.) as a result of random noise and those that occur because of some underlying structure.
Some understanding of elementary statistics (chi-square, etc.) is helpful, but a strong mathematical background is not required to understand the text or the exercises. The exercises in the book are designed to be played with using simple statistics and seeing how various manipulations of the sample data affect the ultimate results. The reader is encouraged to create graphical displays, so as to examine the patterns in different ways.
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