Technical Analysis
I’m not big on technical analysis. I use it to provide an occasional new input or extra insight to forecasts that I believe should depend much more on good research combined with common sense and subjective judgment. We believe that technical tools will rarely be as valuable as simpler and less mathematical approaches. Furthermore, I think they are dangerous because they can hide mediocre work. Just as fancy presentation techniques can make poor forecasts look good, fancy statistical techniques can make poor forecasting sound good.
By Tischenko Irina via Shutterstock
We include these technical tools, however, for ...
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