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WASTAGE AND VARIANCE

Posted By: Bob Koca
Date: Tuesday, 19 October 2010, at 7:05 p.m.

In Response To: WASTAGE AND VARIANCE (Maik Stiebler)

"you need, among other things, a crude estimate of the variance ((which, usually, you can easily derive from the estimated wastage). "

Since it is easy to do would you mind explaining how?

"Low variance, as a rule of thumb, increases the value of every effective pip."

I don't understand what you mean here. Note that if you are losing the race you would choose a high variance position over a low variance one (for either side) if EPC are equal and vice versa.

Messages In This Thread

• WASTAGE AND VARIANCE
  Ray Kershaw -- Tuesday, 19 October 2010, at 11:49 a.m.
  • WASTAGE AND VARIANCE
    Maik Stiebler -- Tuesday, 19 October 2010, at 1:03 p.m.
    • WASTAGE AND VARIANCE
      Bob Koca -- Tuesday, 19 October 2010, at 7:05 p.m.
      • WASTAGE AND VARIANCE
        Maik Stiebler -- Tuesday, 19 October 2010, at 7:40 p.m.
  • WASTAGE AND VARIANCE
    Tom Keith -- Tuesday, 19 October 2010, at 2:01 p.m.
    • WASTAGE AND VARIANCE
      Maik Stiebler -- Tuesday, 19 October 2010, at 2:23 p.m.
      • WASTAGE AND VARIANCE
        Tom Keith -- Tuesday, 19 October 2010, at 2:56 p.m.
  • WASTAGE AND VARIANCE
    Timothy Chow -- Tuesday, 19 October 2010, at 3:02 p.m.