Abstract
The book grew out of a course first called “Empirical Research Methods in Financial Engineering.” Empirical means derived from experience, observation, or experiment, so the book is about working with data and doing statistical analysis. Financial engineering is the construction of financial products such as stock options, interest rate derivatives, and credit derivatives. The course has been renamed “Operations Research Tools for Financial Engineering,” because it also covers applications of probability, simulation, and optimization to financial engineering.
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References
Baxter, M., and Rennie, A. (1998) Financial Calculus: An Introduction to Derivative Pricing, Corrected Reprinting, Cambridge University Press, Cambridge.
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© 2004 Springer Science+Business Media New York
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Ruppert, D. (2004). Introduction. In: Statistics and Finance. Springer Texts in Statistics. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-6876-0_1
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DOI: https://doi.org/10.1007/978-1-4419-6876-0_1
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4757-6584-7
Online ISBN: 978-1-4419-6876-0
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