strictly speaking, no propositions at all can be "proved" with statistics. All one can
say is that your hypothesis survived a statistical test.
Jim D.
-----Original Message-----
From: Doug Henwood [mailto:[EMAIL PROTECTED]
Sent: Wed 2/25/2004 9:11 PM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] demo fervor
Sabri Oncu wrote:
>Since "in the long run we are all dead", we have no
>means of collecting enough data
If I'm remembering the literature correctly, there's not enough data
to prove with statistical certainty that stock returns are positive
over the long term.
Doug
