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RE: TRADING: The Holy Grail of Forecasting [PART 2/2]
This was amazing data and analysis! With over a 99% accuracy rate, any trader would have to be blind not to go with this math. One question though.. Could you further break it down like for instance, buying a bitcoin and breaking down the price against other currency pairs with step by step instructions and links that educate on this math..? Just wondering for myself, thank you!
It's not always this high, it depends on the data and how well you can guess the model, but yes most of the time it has ~90% accuracy rate. The drawback is that GARCH can only forecast 1 datapoint ahead, while it is good for short term, it cannot gauge a long term trend, so best to use it with ARIMA together.
IDK, maybe I should write a book about it or something, it took me 4 years to learn this in college + my years of experience doing quant work, so it's not like it can be learned in 1 night.