Ma analysis isn’t simple to master, despite its numerous advantages. It is common for mistakes to occur in the process, leading to untrue results that can lead to serious consequences. It is important to avoid these mistakes and be aware of them to maximize the benefits of data-driven decisions. The majority of these errors are due to omissions or misinterpretations. These can be easily corrected by establishing clearly defined goals and encouraging accuracy over speed.
Another common error is to believe that a variable is site generally distributed when it’s not. This can lead to models being either over- or under-fitted, compromising confidence levels and prediction intervals. It could also result in leakage between the test and training set.
It is important to select an MA method that matches your trading style. A SMA is ideal for trending markets, while an EMA will be more receptive. (It eliminates the lag in the SMA because it assigns priority to the most recent data.) The MA is also carefully selected based on whether you are seeking either a short-term or long-term trend. (The 200 EMA is a good choice for a longer period of time).
It is essential to double-check your work before you submit it to be reviewed. This is particularly true when dealing with large quantities of data, as errors are more likely to occur. It is also possible to have your supervisor or a colleague review your work to assist you identify any mistakes you might have missed.