By Aaron Smith and Monica Anderson Discussions of the current generation of workforce automation technologies often focus on their impact on manufacturing employment and productivity. But the coming wave of advances in automation offers the potential for even greater disruption of traditional modes of work. Developments in sensors and robotics may potentially reduce the need for humans in a variety of physical applications — from taxi and truck drivers to retail store employees. Simultaneously, multipurpose artificial intelligence and machine learning technology may dramatically alter or make redundant a wide range of white collar jobs.
History[ edit ] The principles of technical analysis are derived from hundreds of years of financial market data. In Asia, technical analysis is said to be a method developed by Homma Munehisa during the early 18th century which evolved into the use of candlestick techniquesand is today a technical analysis charting tool.
InRobert D. Edwards and John Magee published Technical Analysis of Stock Trends which is widely considered to be one of the seminal works of the discipline.
It is exclusively concerned with trend analysis and chart patterns and remains in use to the present. Early technical analysis was almost exclusively the analysis of charts because the processing power of computers was not available for the modern degree of statistical analysis.
Charles Dow reportedly originated a form of point and figure chart analysis.
Dow theory is based on the collected writings of Dow Jones co-founder and editor Charles Dow, and inspired the use and development of modern technical analysis at the end of the 19th century. Other pioneers of analysis techniques include Ralph Nelson ElliottWilliam Delbert Gann and Richard Wyckoff who developed their respective techniques in the early 20th century.
More technical tools and theories have been developed and enhanced in recent decades, with an increasing emphasis on computer-assisted techniques using specially designed computer software.
General description[ edit ] Fundamental analysts examine earnings, dividends, assets, quality, ratio, new products, research and the like. Technicians employ many methods, tools and techniques as well, one of which is the use of charts.
Using charts, technical analysts seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation.
Examples include the moving averagerelative strength indexand MACD. There are many techniques in technical analysis. Adherents of different techniques for example, Candlestick analysis -the oldest form of technical analysis developed by a Japanese grain trader- HarmonicsDow theoryand Elliott wave theory may ignore the other approaches, yet many traders combine elements from more than one technique.
Some technical analysts use subjective judgment to decide which pattern s a particular instrument reflects at a given time and what the interpretation of that pattern should be. Others employ a strictly mechanical or systematic approach to pattern identification and interpretation.
Contrasting with technical analysis is fundamental analysisthe study of economic factors that influence the way investors price financial markets.
Technical analysis holds that prices already reflect all the underlying fundamental factors. Uncovering the trends is what technical indicators are designed to do, although neither technical nor fundamental indicators are perfect.
Some traders use technical or fundamental analysis exclusively, while others use both types to make trading decisions. Technical analysis stands in contrast to the fundamental analysis approach to security and stock analysis.
Multiple encompasses the psychology generally abounding, i. Also in M is the ability to pay as, for instance, a spent-out bull can't make the market go higher and a well-heeled bear won't.
Technical analysis analyzes price, volume, psychology, money flow and other market information, whereas fundamental analysis looks at the facts of the company, market, currency or commodity.
Most large brokerage, trading group, or financial institutions will typically have both a technical analysis and fundamental analysis team.Catherine LaBerta is a Full Professor in the Computer Science/Mathematics Department at Erie Community College in Buffalo, NY.
She is also an adjunct professor at SUNY-Buffalo. Catherine teaches courses that range from Intro to Computers to Programming in C++ to Web Development. The Future of Jobs and Jobs Training. As robots, automation and artificial intelligence perform more tasks and there is massive disruption of jobs, experts say a wider array of education and skills-building programs will be created to meet new demands.
where L S and L NS are susceptible and non-susceptible labour inputs and C is computer capital.
Computer capital is supplied perfectly elastically at market price per efficiency unit, where the market price is falling exogenously with time due to technological progress.
Oddly enough, the future of Computer Science may not be too bright. Computers have become so pervasive a technology that I think the study of computing may soon be subsumed by other academic subjects and CS may lose its independence as an academic subject.
DEFINITION of 'Trend Analysis' Trend analysis is a technique used in technical analysis that attempts to predict the future stock price movements based on recently observed trend data. Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future.
Why Laptop-Tablet Hybrids Aren't the Future of Computers Panos Panay, corporate vice president with Microsoft's Surface division, holds the new Microsoft Surface Pro 3 tablet computer during a.