How Can A Model Predict What A ‘Drunken Psycho’ Will Do?
BENZINGA
“There is no one model that describes financial markets,” Kedmey said in an interview with Benzinga. “In a complex world, you have a better chance of success by looking for times and conditions that are like today, looking at what the outcomes were, and using those outcomes to forecast a range of possibilities.”
That’s why EidoSearch doesn’t build analytical models. Kedmey said since many factors change over time, building models off of fixed relationships doesn’t make sense.