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But the sidebar ad says I can "profit with Cramer"! WTF!
sure you can just short sell everything he sais to buy
is it just me or does this regression line seem pointless, it doesn't mean shit. This data is in no order to validate any line like this, am I wrong?
*takes pipe out of mouth and nods*
Pointless, yes, yet, it's based on points.
*puts pipe back*
It boggles the mind.
the only way this regression line would have any meaning is if it were a straight line. It would then be the average of the misses. Otherwise - as you said being a polynomial - it also measures the order of the categories the way they elected to put them which means nothing. If they resorted the categories the graph would be totally different.
Overall - the whole thing is really useless. All it figures out is that the data comes with a +/- 3% accuracy or whatever. Just people trying to justify their salary wtih useless info.
Threw this immediatly onto the compost heap
What can be said. Stunning visual clarity. Volatility smiley face, just perfect Nols. I bet a 10th order poly fits a lot better, and it would have at least 8 smily faces with some frownies and maybe a few embedded eyeballs, LD noses, etc. A simple stochastic would let you know your smiley is overbought and time to load up on frownies. I bet they need a good smiley pick me up given the level of Greek/Spanish/Italian/etc. they own.
TD you ought to have an Olympics of totally useless curves like this for everyone to submit. Winner of the most useless becomes a contributor.
Looks like a pile of crap to me.
Seems vaguely bullish.
I just plotted the quantities in Excel and the best fit polynomial regression line looks exactly like the one in the chart with an r-squared of .1712. For the non quants here, r-squared of 1 means the line perfectly fits the datapoints, 0 means no fit. .17 is obviously not a good r-squared value for drawing conclusions or making projections.
As an aside, the standard error is 1.65 which on a -3 to 3 scale is useless.
With this little data the results have to be close to random. Clearly this tells us nothing, but if they have ten or twenty times as much data, we might have something. This type of analysis does have a correct feel - that is, when all the data comes in higher than projections of it, this would have a positive impact on the market. Feeling right, however, does not mean it works.
Gosh! I thought it was closer to .1713
Where is Knuckles the Clown when we need him?
...I don't know, but a glance at that chart indicates that your shortgun needs some choke work....
Carlson chokes are the best. Carlson chokes are made in the USA.
Graph looks like a smirking chimp.
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