Simulating Financial Prices |
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| Authors: | Stephen J Taylor |
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| Institution: | 1.Department of Accounting and Finance,University of Lancaster, |
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| Abstract: | A method is described for simulating daily financial prices using appropriate statistical models. Simulated open, high, low and close prices can be obtained. These simulated prices are required for a rigorous evaluation of trading systems. Appropriate software based on the models has been used by a futures trader to improve his trading decisions. |
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