'With Enough Data, You Can Predict Asset Price Movement' cryptotrading softwaredevelopment
Jim Simons set out to prove the point by founding RenTech… the most profitable investment fund in the history of Wall Street.is also proving that it is possible to create highly accurate asset price forecasts on a much larger scale. Read on to learn more.Today, with enough data, meteorologists at forecasting firms can create highly reliable forecasts.
In this article, we will describe the important components needed for such a creator economy to thrive, and how we at Equeum have gone about putting those components together, with the result being highly accurate forecasts fueled by the most critical component: data.-Anonymous, as quoted by Equeum advisor Rishi Narang, author ofA creator economy for predicting asset prices has the same advantages as other types of creator economies.
The economies of scale enabling the creation of a deeply granular data set would allow the tracking of consumer prices virtually in real-time. Market participants would have effectively been able to watch the market crash but in slow motion. Not that the inflation number would have had less impact on asset valuations, but markets would have been able to price these in at a measured rather than frantic pace.
These developers, many of whom come from traditional gaming companies, are enticed by both the creative freedom and the economic incentive: last year developers on the Roblox platform earned an impressive $500M.data is a belief that has helped not one but two myths to persist among finance amateurs, and these myths have helped a third myth persist among finance professionals.
TA is nothing but sortilege, and it is to data-based forecasting as astrology is to astronomy. Its shaky premise is that price patterns reliably repeat themselves. But, as TS Eliot wrote in his seminal quant treatise,: “There is at best, only a limited value in the knowledge derived from experience; the knowledge imposes a pattern, and falsifies… for the pattern is new in every moment.”
The myth of the brilliant lone quant, the myth of technical analysis, and the myth of Wall Street invincibility all flourish, and all will wither, in the same hedgerow.We at Equeum have created a platform that proves the viability of a creator economy for asset price forecasting.
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