Two of your friends, Jennifer and Michael, have developed systems to trade IBM. During the test period,
Question:
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, whereas 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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Technical Analysis The Complete Resource For Financial Market Technicians
ISBN: 978-0134137049
3rd Edition
Authors: Charles Kirkpatrick, Julie Dahlquist
Question Posted: