7. Two of your friends, Jennifer and Michael, have developed systems to trade IBM. During the test...

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7. Two of your friends, Jennifer and Michael, have developed systems to trade IBM. During the test period, Jennifer’s system had a net profit of $9,578, while Michael’s system had a net profit of only $8,993. Explain why this information alone is not enough to determine that Jennifer’s system is superior to Michael’s.

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Technical Analysis The Complete Resource For Financial Market Technicians

ISBN: 9780137059447

2nd Edition

Authors: Julie A. Dahlquist, Charles D, Charles D. Kirkpatrick

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