Bøger af Douglas Walsh

Quantitative finance is the study of financial markets and securities by using mathematical models and very huge datasets. It draws concepts from mathematics, finance, statistics, and programming. Quantitative finance allows for the creation of financial models that can be utilized for pricing a variety of financial assets such as financial derivatives products. Quantitative economics is an area of study that involves the application of tools from computer science and mathematical sciences such as stochastic models, algorithms, statistics, numerical analysis, possibility theory, and optimization theory, for effectively modeling different economic situations. It involves the study of the use of resources for the manufacture, supply and consumption of goods and services. The study of quantitative economics focuses on the quantifiable features of financial systems. This book explores all the important aspects of quantitative finance and economics in the present day scenario. It elucidates new techniques and their applications in a multidisciplinary manner. This book will serve as a reference to a broad spectrum of readers.

Financial economics refers to a subfield of economics that studies the allocation and utilization of resources in markets. It typically entails the development of sophisticated models to test the variables influencing a specific decision. Financial economics is crucial in recognizing risks, making investment decisions, and determining the value of assets or securities. It has two basic aspects which include risk management and diversification, and the current value. Econometrics is a branch of economics that involves the study of economic data using mathematical and statistical techniques. There are two types of econometrics, namely, applied econometrics and theoretical econometrics. Null hypothesis testing, regression models, R-squared, t-tests, p-values, etc. are the some of the major techniques used in econometrics. It can also be utilized to make predictions about future financial or economic trends. This book elucidates the concepts and innovative models around prospective developments with respect to financial economics and econometrics. With its detailed analyses and data, it will prove immensely beneficial to professionals and students involved in these areas at various levels.