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How to Measure the Success of Using Alternative Data to Sharpen Signals
Quants typically rely on both a breadth and a depth so that we can derive some statistical significance. One of the things I've noticed with some of this alternative data sets is that they just don't go back that far. How do you think about developing statistical confidence when the data that you have can be very highly limited? That's one of the key challenges with a lot of this alternativeData, and it really makes it hard to adopt a lot of it.