Financial analytics with R : building a laptop laboratory for data science [E-Book] / Mark J. Bennett, University of Chicago, Dirk L. Hugen, University of Iowa.
Bennett, Mark J., (author)
Hugen, Dirk L., (author)
Cambridge : Cambridge University Press, 2016
1 online resource (xvi, 377 pages)
Full Text
Are you innately curious about dynamically inter-operating financial markets? Since the crisis of 2008, there is a need for professionals with more understanding about statistics and data analysis, who can discuss the various risk metrics, particularly those involving extreme events. By providing a resource for training students and professionals in basic and sophisticated analytics, this book meets that need. It offers both the intuition and basic vocabulary as a step towards the financial, statistical, and algorithmic knowledge required to resolve the industry problems, and it depicts a systematic way of developing analytical programs for finance in the statistical language R. Build a hands-on laboratory and run many simulations. Explore the analytical fringes of investments and risk management. Bennett and Hugen help profit-seeking investors and data science students sharpen their skills in many areas, including time-series, forecasting, portfolio selection, covariance clustering, prediction, and derivative securities.