
TStatistic
Hey guys, I have got a statistical question about a paper from a financial journal article I just read.
In the article the author's investigaste the foreign exchange market and as part of that created a descriptive statistics table which looks roughly like this:
Exchange Rate A Exchange Rate B
Mean return (%) 0.268 0.336
Median return (%) 0.107 0.007
Std Dev (%) 4.229 4.428
Skewness 0.781 0.885
Kurtosis 1.786 2.163
tstat 0.993 1.192
This is just an example and there is around 10 different exchange rates on there but what I was wondering is how they calculated the tstat? From what I have learned you calculate a tstat by either comparing two samples, which would not make much sense since theres 10 different samples with varying degrees of correlations, or by having an assumed target mean against which to test, which as far as I know does not exist. Am I wrong about this or is there something I have missed?
Thanks for your time guys.

Re: TStatistic
Hey FelixG.
I'm guessing the tstat refers to a one sample ttest where you look at an inference with respect to a population mean of zero.
Take a look at this:
Student's ttest  Wikipedia, the free encyclopedia