roughbert
Member
- Messages
- 94
- Likes
- 1
I can just about remember some basic statistics, which might help me to detect a trend in sequential data. I don't have the luxury of viewing a chart at this point, in fact I am filtering quote data looking for stocks which are worthy of my shortlist.
would I be right in thinking that
Is there a better way? If I'm using the wrong jargon here, please correct me!
** added - is "strength of the trend" the Correlation coefficient (or the Coefficient of Determination), perchance? This tells us how good the fit is.
would I be right in thinking that
- a trend can be determined by fitting a line to a series of quotes (linear regression)
- the strength of the trend will be something like 1/SS of point distances from the trend line?
Is there a better way? If I'm using the wrong jargon here, please correct me!
** added - is "strength of the trend" the Correlation coefficient (or the Coefficient of Determination), perchance? This tells us how good the fit is.
Last edited:
