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File Format | PDF
File Size | 11.4 MB
Pages | 801
Language | English
Category | Stock market
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Description: The Mathematics
of Financial Modeling & Investment Management covers a wide range of
technical topics in mathematics and finance-enabling the investment management
practitioner, researcher, or student to fully understand the process of
financial decision-making and its economic foundations.
This
comprehensive resource will introduce you to key mathematical techniques-matrix
algebra, calculus, ordinary differential equations, probability theory,
stochastic calculus, time series analysis, optimization-as well as show you how
these techniques are successfully implemented in the world of modern finance.
Special emphasis is placed on the new mathematical tools that allow a deeper
understanding of financial econometrics and financial economics. Recent
advances in financial econometrics, such as tools for estimating and
representing the tails of the distributions, the analysis of correlation
phenomena, and dimensionality reduction through factor analysis and
cointegration are discussed in depth.
Using a wealth
of real-world examples, Focardi and Fabozzi simultaneously show both the
mathematical techniques and the areas in finance where these techniques are
applied. They also cover a variety of useful financial applications, such as:
* Arbitrage
pricing
* Interest rate
modeling
* Derivative
pricing
* Credit risk
modeling
* Equity and
bond portfolio management
* Risk
management
* And much more
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The Mathematics of Financial Modeling and Investment Management
Download | Free
