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Archive for March, 2007

Could a butterfly in Tahiti cause a drought in Australia?

Monday, March 26th, 2007
The flutter of butterfly wings changes air pressure. These tiny perturbations can affect global weather systems. The Southern Oscillation Index (air pressure difference between Tahiti and Darwin) correlates with seasonal rainfall in Australia. To learn more about climate change and other exciting applications of Time Series come to the next meeting in C27-B259, Booth building on Friday, 30th March 2007 from 12 to 1pm. A brief introduction on predicting markets, weather and other phenomena will lead into discussion on multi-disciplinary high-impact collaborative research.

See: http://mcs.une.edu.au/~cwatson7/I/TimeSeriesPrediction.ppt

Everyone is welcome. 

 

 

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How to make a billion dollars in a week

Monday, March 5th, 2007

1. Borrow $100 and open a foreign exchange account.

2. On Monday at 8:01am buy ¥8718 Japanese Yen. At 8:14am sell ¥8728, give ¥4 to your friendly broker, leaving ¥6 profit. Your broker allows you to leverage the transaction 58 times by lending you A$5,700. Your net profit is therefore ¥348 Yen or 3.5%.

3. In the next fifteen minutes, with equity of A$103.48, sell at ¥8730 and buy at ¥8712, grossing 18 pips (14 after deduction of brokerage spread). Your equity is now A$111.88

4. Repeat this process every 15 minutes, selling high and buying low until close of business on Saturday morning. Your average profit per transaction is 3.3%, yielding a final balance of $A 1,087,061,600.

5. Repay the $100 loan.

If you feel it is unfair to make so much money, reassure yourself, you are giving liquidity to the market and helping others by promptly filling their trading orders.

For more information on statistical forecasting, predicting markets, weather and other phenomena come to the next monthly meeting of the Information Research Group. See: http://turing.une.edu.au/~cwatson7/I/How-to-make-a-billion-dollars-in-a-week.htm

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