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1. Pretend you are a financial adviser and want to provide a client with some descriptive...

1. Pretend you are a financial adviser and want to provide a client with some descriptive statistics that illustrate the viability for investment. What are the 3 most important statistics that you would focus on?

Math   Statistics-And-Probability   
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Answer #1

Three most important statistics to focus on are as follows:

1. Basic statistics used in computing different kinds of means(arithmetic, geometric, etc.) and ratios which help in understanding the current and future aspects of various elements like stocks in investment.

2. Analysis of time series as most of the finance data is time series data. Analysis and modelling of time series even with basic models like moving average model can help.

3. Distributions of financial data using skewness, kurtosis and testing normality or checking random walk behavior can help

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