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Topic - Candlestick
This is an individual assignment in which cooperation is not allowed. Reference all sources.
Using academic sources, write a short report on two topics: correlation and auto-correlation.
Explain for both topics:
1. How does one calculate (auto) correlation coefficient.
2. How to interpret the value of (auto) correlation coefficient
what does it indicate;how reliable it is;can it be used for future predictions.
3. Potential problems that can arise when using (auto)correlation coefficient.
Attach illustrations from academic sources showing how (auto)correlation is used in business context.
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This paper was regarding the candle stick tool which is used in stock market ti track the price of various currencies. Shares and derivatives.This provides easy to use interfave to user to deal in the stock market.
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