When Applying the Runs Test for Randomness Above and Below

question 17

Essay

When applying the runs test for randomness above and below the median for 12 dollar/Euro exchange rate highs, the test statistic is G = 2. What does that value tell us about the data?

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Definitions:

Turin

A city in northern Italy known for its rich history, architecture, and as the home of the Turin Shroud, said to be the burial cloth of Jesus.

Imitation

The act of copying the style, behavior, or look of something else, often in order to learn from it or as a form of homage.

Caravaggio

An influential Italian painter of the late 16th and early 17th centuries known for his dramatic use of lighting and realism.

Antiquity

A term referring to the ancient past, specifically the period before the Middle Ages, encompassing ancient Greek and Roman civilizations.