Thank you for your comments. It's my opinion that abuse of charts goes in both directions. Many analysts produce charts that purport to demonstrate a compelling picture, and with very little other data used to support some sort of trade recommendation or intellectual point. Yet, on the other side, analysts being asked to evaluate a trade or point frequently do not insist on more information beyond the image and the opinions of the analyst. A poor state of affairs.
Thank you also for reminding folks that r-squared is only useful if the conditions for normality are present.
Hi Adam,
Thank you for your comments. It's my opinion that abuse of charts goes in both directions. Many analysts produce charts that purport to demonstrate a compelling picture, and with very little other data used to support some sort of trade recommendation or intellectual point. Yet, on the other side, analysts being asked to evaluate a trade or point frequently do not insist on more information beyond the image and the opinions of the analyst. A poor state of affairs.
Thank you also for reminding folks that r-squared is only useful if the conditions for normality are present.
With smiles!
Jason