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Data may be used in its natural time frame or may need to be processed into a different time frame Depending on the time frame being traded and on the nature of the trading system, individual ticks, 5minute bars, 20-minute bars, or daily, weekly, fortnightly (bimonthly), monthly, quarterly, or even yearly data may be necessary A data source usually has a natural time frame For example, when collecting intraday data, the natural time frame is the tick The tick is an elastic time frame: Sometimes ticks come fast and furious, other times sporadically with long intervals between them The day is the natural time frame for end-of-day pricing data For other kinds of data, the natural time frame may be bimonthly, as is the case for the Commitment of Traders releases; or it may be quarterly, typical of company earnings reports.

What was the cost per order of each, assuming that the telemarketers got 8 orders out of 100 and the email program got 3 orders out of 100 What was the return on investment Which method would you choose.

Although going from longer to shorter time frames is impossible (resolution that is not there cannot be created), conversions from shorter to longer can be readily achieved with appropriate processing For example, it is quite easy to create a series consisting of l-minute bars from a series of ticks The conversion is usually handled automatically by the simulation, testing, or charting software: by simple utility programs; or by special software provided by the data vendor lf the data was pulled from the Internet by way of ftp (tile transfer protocol), or using a standard web browser, it may be necessary to write a small program or script to convert the downloaded data to the desired time frame, and then to save it in a format acceptable to other software packages What time frame is the best It all depends on the trader.

7. List the four most important things to capture on a customer pro le completed through the Web. 8. What one factor, if it had been left out of the lighting manufacturer s test, would have ruined the program a. The customer rep b. The lighting expert c. The test group d. The control group e. None of the above 9. In the case of the restaurant chain with the frequent diner card, what did the program cost the chain over the 13 weeks 10. Which is the most important item in an email promotion program a. The offer b. The timing c. The copy d. The subject line e. The domain

For those attracted to rapid feedback, plenty of action, tight stops, overnight security, and many small profits, a short, intraday time frame is an ideal choice On an intraday time frame, many small trades can be taken during a typical day The nttmeroous trades hasten the learning process It will not take the day trader long to discover what works, and what does not, when trading on a short, intraday time frame In addition, by closing out all positions at the end of the trading day, a day trader can completely sidestep overnight risk Another desirable characteristic of a short time frame is that it often permits the use of tight stops, which can keep the losses small on losing trades.

he best response to a promotion is a sale. Typically, you want customers to visit a store and buy your product or service. In the absence of this fruitful response, until recently there were four other ways in which customers could respond to a promotion. They could Call on the phone Send a letter through the mail Send a fax Send an email

Household dust is the greatest source of lead poisoning in children. Dust can also harbor pesticide residues, asbestos and other chemicals, and animal dander. If you live in a home with old carpets or area rugs, pay special attention to the dust buildup problem, especially if you have children. I highly recommend that you also use an air purifier.

Finally, the statistically inclined will be enamored by the fact that representative data samples containing hundreds of thousands of data points, and thousands of trades, are readily obtained when working with a short time frame Large data samples lessen the dangers of curve-fitting, lead to more stable statistics, and increase the likelihood that predictive models will perform in the future as they have in the past On the downside, the day trader working with a short time frame needs a realtime data feed, historical tick data, fast hardware containing abundant memory, specialized software, and a substantial amount of time to commit to actually trading The need for fast hardware with plenty of memory arises for two reasons: (1) System tests will involve incredibly large numbers of data points and trades; and (2) the real-time software that collects the data, runs the system, and draws the.

These four methods are still used for both consumer promotions and business-to-business marketing. They work well, and they will continue to be an important part of direct marketing. But all four have a drawback: They are moderately expensive two-step procedures that require additional effort to complete the sale. In the last few years, Web response has been developed. It has many advantages over these four methods. With Web response, the customer goes to a Web site, gets more information about the product, and places the order personally. This method swamps all the others in terms of