What is the difference between simple random sampling and stratified sampling in the context of cryptocurrency investments?

1 answers

• ParkerG24Jan 07, 2023 · 2 years ago
  At BYDFi, we believe that both simple random sampling and stratified sampling have their own advantages and disadvantages in the context of cryptocurrency investments. Simple random sampling allows for a quick and easy selection of cryptocurrencies without the need for prior knowledge of the population. However, it may not provide a representative sample if the population is diverse. On the other hand, stratified sampling can provide more accurate insights into specific segments of the cryptocurrency market, but it requires prior knowledge and can be more time-consuming. Ultimately, the choice between these two sampling methods depends on your investment goals and the level of granularity you require in your analysis.
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