Investments, 11th Edition (exclude Access Card)
Investments, 11th Edition (exclude Access Card)
11th Edition
ISBN: 9781260201543
Author: Zvi Bodie Professor; Alex Kane; Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 12, Problem 11PS
Summary Introduction

To determine:

Meaning of data mining and why technical analyst should refrain from engaging into it.

Introduction:

A technician or technical analyst in finance refers to the researcher that works over securities to conduct an investment analysis on the basis of past technical indicators and market prices. The technical analyst believes that the movement in price in the short term is all due to the forces of demand and supply in the market for a particular security.

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