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Perhaps more than any other kind of time series data, financial markets have been scrutinized by countless mathematicians, economists, investors and speculators over hundreds of years. Even in modern …
Perhaps more than any other kind of time series data, financial markets have been scrutinized by countless mathematicians, economists, investors and speculators over hundreds of years. Even in modern times, despite all scientific advances, the effort of predicting future movements of the stock market sometimes still bears resemblance to the ancient alchemistic aspirations of turning base metals into gold. That is not to say that there is no genuine scientific effort in studying financial markets, but distinguishing serious research from charlatanism (or even fraud) remains remarkably difficult.
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