Books > Business & Economics > Economics > Econometrics
|
Buy Now
Stochastic Processes and Calculus - An Elementary Introduction with Applications (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R2,006
Discovery Miles 20 060
|
|
Stochastic Processes and Calculus - An Elementary Introduction with Applications (Paperback, Softcover reprint of the original 1st ed. 2016)
Series: Springer Texts in Business and Economics
Expected to ship within 10 - 15 working days
|
This textbook gives a comprehensive introduction to stochastic
processes and calculus in the fields of finance and economics, more
specifically mathematical finance and time series econometrics.
Over the past decades stochastic calculus and processes have gained
great importance, because they play a decisive role in the modeling
of financial markets and as a basis for modern time series
econometrics. Mathematical theory is applied to solve stochastic
differential equations and to derive limiting results for
statistical inference on nonstationary processes. This introduction
is elementary and rigorous at the same time. On the one hand it
gives a basic and illustrative presentation of the relevant topics
without using many technical derivations. On the other hand many of
the procedures are presented at a technically advanced level: for a
thorough understanding, they are to be proven. In order to meet
both requirements jointly, the present book is equipped with a lot
of challenging problems at the end of each chapter as well as with
the corresponding detailed solutions. Thus the virtual text -
augmented with more than 60 basic examples and 40 illustrative
figures - is rather easy to read while a part of the technical
arguments is transferred to the exercise problems and their
solutions.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.