Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > Software - Troubleshooting and Discussion > Applications > does anyone know about an app that can do this...

does anyone know about an app that can do this...
Thread Tools
Grizzled Veteran
Join Date: Oct 2001
Location: Michigan
Status: Offline
Reply With Quote
Feb 12, 2005, 08:59 PM
 
I have a bunch of data points (prices) that fluctuate on a daily basis. I s there a program that will take these data points and predict there outcome?
Pismo 400 | Powerbook 1.5 GHz | MacPro 2.66/6GB/7300GT
     
Mac Elite
Join Date: Aug 2001
Location: London, Ontario
Status: Offline
Reply With Quote
Feb 12, 2005, 09:16 PM
 
I'm an economist and that's basically what I do for a living. There is no easy answer to your question. A number of questions must be answered first:

1) What are the prices? Are they commodity prices, stock prices, .....?
2) When you say "predict their outcome" do you mean predict the future? What will those prices be tomorrow, next week, next month?
3) Of course, one can never predict anything "accurately" into the future but to even come close always requires some additional information. For example, to predict commodity prices you might need information on interest rate changes, exchange rate changes, etc. Then you proceed to some sort of model. That's what economists do.
4) Following up on point 3) then, why do you want to do this? If it is just for curiosity then playing around with Excel or a statistical package may give you an idea about how forecasting is done. There are many approaches and programs. But if it is to make money in the stock market or in a commodity then BEWARE. Any form of mechanical, mathematical or statistical forecasting is very unlikely to do any better than just plain old experience.
     
Professional Poster
Join Date: Oct 2001
Location: London
Status: Offline
Reply With Quote
Feb 13, 2005, 05:18 AM
 
As soon as an app like that were implemented and used - it would affect the market.

Is the cat dead? how can you tell - look in the box.
     
Addicted to MacNN
Join Date: Nov 2002
Location: Seattle, WA
Status: Offline
Reply With Quote
Feb 13, 2005, 11:49 AM
 
"The winner is number 3, in a quantum finish"

"No fair! You changed the outcome by measuring it!"
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -5. The time now is 11:47 AM.
All contents of these forums © 1995-2011 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.7 © 2000-2011, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2