An introduction to forex trading a guide for beginners pdf
This is because many of these models do not make point predictions. Rather they make predictions that occupy a volume in the unit cube of binary choice probabilities.
When a point representing a set of choice proportions (data) is inside such a model, then the best-fitting choice probabilities are literally equal to the observed choice proportions, hence giving a perfect fit. We now move to the full-fledged abstract models and their tests. 4 Aggregation- and Distance-based (Error) Models Aggregation-based specifications 8 of a theory.