Magic wand…

I liked this quote

 “Finally, it almost goes without saying that parameter estimation methods are not a magic wand that can be waved at the data. They must be interpreted in the light of experience and knowledge of the conditions in the market at the time.” [1]

[1]. Les Clewlow, Chris Strickland and Vince Kaminski A method of modelling and estimating jumps in energy prices. http://www.energyforum.net/feature/feat128.shtml

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