Chung-ming Kuan, Professor of National Taiwan University gave a lecture entitled "Large-Scale Multiple Testing without Data Snooping Bias: Methods and Applications" in CER on Sep.7, 2015.

Professor Kuan begins with two questions: "Can the target profit trading rules pay off in the end really or just by chance", "If it can, is it helpful for market forecasting?" Professor Kuan explained the joint test and the multiple test of u based on the asymptotic normality, and introduce the methods of large-scale multiple testing without data snooping. Then followed by two empirical studies. They were about significant target trading rules among different markets and CTA fund which help students understand this econometric problem.