Asset Price Dynamics Volatility and Prediction is popular PDF and ePub book, written by Stephen J. Taylor in 2011-02-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Asset Price Dynamics Volatility and Prediction can be Read Online from any device for your convenience.
Asset Price Dynamics Volatility and Prediction Book PDF Summary
This book shows how current and recent market prices convey information about the probability distributions that govern future prices. Moving beyond purely theoretical models, Stephen Taylor applies methods supported by empirical research of equity and foreign exchange markets to show how daily and more frequent asset prices, and the prices of option contracts, can be used to construct and assess predictions about future prices, their volatility, and their probability distributions. Stephen Taylor provides a comprehensive introduction to the dynamic behavior of asset prices, relying on finance theory and statistical evidence. He uses stochastic processes to define mathematical models for price dynamics, but with less mathematics than in alternative texts. The key topics covered include random walk tests, trading rules, ARCH models, stochastic volatility models, high-frequency datasets, and the information that option prices imply about volatility and distributions. Asset Price Dynamics, Volatility, and Prediction is ideal for students of economics, finance, and mathematics who are studying financial econometrics, and will enable researchers to identify and apply appropriate models and methods. It will likewise be a valuable resource for quantitative analysts, fund managers, risk managers, and investors who seek realistic expectations about future asset prices and the risks to which they are exposed.
Detail Book of Asset Price Dynamics Volatility and Prediction PDF
- Author : Stephen J. Taylor
- Release : 11 February 2011
- Publisher : Princeton University Press
- ISBN : 9781400839254
- Genre : Business & Economics
- Total Page : 544 pages
- Language : English
- PDF File Size : 21,5 Mb
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