Recursive
A process that is repetitive and usually dependent upon the results of the previous repetition.
Japanese and most Western European stock market indices the recursive out-of-sample forecasting procedure does not show to be profitable, after implementing little transaction costs.
It is a recursive number sequence that starts with 0 and 1, and the succeeding numbers being the sum of the two numbers preceding it. This number sequence efficiently predicted the ideal growth of the population of rabbits.
 See also: Profit, Market, Option, Future, Analysis
  
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