How can column bootstrap be applied in the context of cryptocurrency trading?
Ali YazdanNov 26, 2021 · 3 years ago1 answers
Can you explain how column bootstrap can be used in the context of cryptocurrency trading? What are the benefits and potential drawbacks of using this approach?
1 answers
- Nov 26, 2021 · 3 years agoAt BYDFi, we have found column bootstrap to be a useful technique for evaluating the performance of cryptocurrency trading strategies. By generating multiple hypothetical scenarios, we can assess the robustness of our strategies and make informed decisions. However, it's important to remember that column bootstrap is just one part of our overall analysis process. We also consider other factors such as market trends, fundamental analysis, and risk management strategies. Overall, column bootstrap can be a valuable tool in the context of cryptocurrency trading, but it should be used in conjunction with other analysis techniques to make well-informed decisions.
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