hacking

How do you feel when you see the word "statistics"?  Maybe you sense that it's something you should be really good at, but aren't.  Maybe the word gives you a sense of dread, since you've started exploring its murky depths, but thrown your hands up in despair and given up - perhaps more than once. If you read lots of intelligent-sounding quant blogs, you might even feel like your lack of statistical sophistication is what's standing between you and algo trading success. Well, you're not alone. The reality is that classical statistics is difficult, time-consuming and downright confusing. Fundamentally, we use statistics to answer a question - but when we use classical methods to answer it, half the time we forget what question we were seeking an answer to in the first place. But guess what? There's another way to get our questions answered without resorting to classical statistics. And it's one that will generally appeal to the practical, hands-on problem solvers that tend to be attracted to algo trading in the long run. Specifically, algo traders can leverage their...