Applied Probabilistic Calculus for Financial Engineering: An Introduction Using R

Download Applied Probabilistic Calculus for Financial Engineering: An Introduction Using R written by Bertram K. C. Chan in PDF format. This book is under the category Calculus and bearing the isbn/isbn13 number 1119387612/9781119387619. You may reffer the table below for additional details of the book.

$19.99

SKU: d0aa518d4d3b Category: Tag:

Specifications

book-author

Bertram K. C. Chan

publisher

Wiley; 1st edition

file-type

PDF

pages

524 pages

language

English

asin

B075KKC8QF

isbn10

1119387612

isbn13

9781119387619


Book Description

Demonstrates how R can be used effectively to find solutions to issues that arise in quantitative finance.

An Introduction to Applied Probabilistic Calculus with Applications in Financial Engineering R recipes are provided in the Using R document format (PDF) for solving asset allocation and portfolio optimization issues. Before moving on to topics related to asset allocation and portfolio optimization with R codes illustrated for various examples, it begins by introducing all of the necessary probabilistic and statistical foundations. This is followed by a discussion of how to construct optimal portfolios. This ebook provides a succinct and understandable overview of financial engineering, as well as the use of R in data analysis, as well as univariate, bivariate, and multivariate data analysis. In addition to discussing Ito Calculus, it investigates the use of probabilistic calculus for modeling financial engineering. Specifically, it guides the reader through the process of constructing an efficient financial model based on the Geometric Brownian Motion (GBM) Model by using probabilistic calculus. The Two Mutual Fund Theorem and the Sharpe Ratio are two of the classical mathematical models that are discussed, along with other topics related to financial engineering and modern portfolio theory. R is examined both as a calculator and as a tool for performing data analysis in financial engineering throughout this ebook. In addition, it discusses asset allocation by using R, as well as financial risk modeling and portfolio optimization by using R; global and local optimal values; locating functional maxima and minima; and portfolio optimization by using performance analytics in CRAN.

 

  • Includes both the Generalized Boltzmann Machine Model and the Random Walk Model.
  • This article provides the answer to the question, “What does a Financial Theory known as “Random Walk” look like?”
  • Examines various optimization techniques utilizing probabilistic calculus for the purpose of financial engineering.
  • Explores contemporary models of portfolio optimization, such as The Markowitz Model of Modern Portfolio Theory (also known as MPT), The Black-Litterman Model, and The Black-Scholes Option Pricing Model.

 

An Introduction to Applied Probabilistic Calculus with Applications in Financial Engineering The Use of R Is an Ideal Reference for Professionals and Students in Economics, Econometrics, and Finance, Along with Financial Investment Quants and Financial Engineers Using R Is an Ideal Reference for Professionals and Students in Economics, Econometrics, and Finance

Recent Posts

Blogging And How You Can Get A Lot From It

Whether you’re just looking to type about a hobby you have or if you want to attempt to run a business, starting a blog might be worthy of your consideration. Before you get started, first take a few minutes to read these expert-provided tips below. Once you learn about blogging,…

5 tips for a good business blog

Follow my blog with BloglovinAre you also looking for a good structure for your business blogs? That you finally have a serious and good structure for all your texts that are online? On your website but also on social media. In this review you will find 5 tips from Susanna Florie from her…

Study tips from a budding engineer

“Why engineering?” is a question I get often. The answer for me is simple: I like to solve problems. Engineering is a popular field for many reasons. Perhaps this is because almost everything around us is created by engineers in one way or another, and there are always new, emerging and exciting technologies impacting…

How do I study mathematics and pass my exam?

Not sure how best to study math ? Are you perhaps someone who starts studying the day before the exam? Then you know yourself that your situation is not the most ideal. Unfortunately, there is no magic bullet to make you a maths crack or pass your exam in no time . It is important to know that mathematics always builds on…