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Financial Engineers
The amounts of information that are ?ooding people both at the workplace and in private life have increased dramatically in the past ten years. The number of paper documents doubles every four years, and the amount of information stored on all data carriers every six years. New knowledge, however, increases at a considerably lower rate. Possibilities for automatic content recognition in various media and for the processing of documents are therefore becoming more important every day. Especially in economic terms, the e?cient handling of information, i.e., ?- ing the right information at the right time, is an invaluable resource for any enterprise, but it is particularly important for small- ...
This book presents modern developments in time series econometrics that are applied to macroeconomic and financial time series. It contains the most important approaches to analyze time series which may be stationary or nonstationary.
Frontiers in Handwriting Recognition contains selected key papers from the 6th International Workshop on Frontiers in Handwriting Recognition (IWFHR '98), held in Taejon, Korea from 12 to 14, August 1998. Most of the papers have been expanded or extensively revised to include helpful discussions, suggestions or comments made during the workshop.
This volume attempts to exhibit current research in stochastic integration, stochastic differential equations, stochastic optimization and stochastic problems in physics and biology. It includes information on the theory of Dirichlet forms, Feynman integration and the Schrodinger's equation.
This coherent and articulate volume summarizes work carried out in the field of theoretical signal and image processing. It focuses on non-linear and non-parametric models for time series as well as on adaptive methods in image processing. The aim of this volume is to bring together research directions in theoretical signal and imaging processing developed rather independently in electrical engineering, theoretical physics, mathematics and the computer sciences.
Fuzzy theory has become a subject that generates much interest among the courses for graduate students. However, it was not easy to find a suitable textbook to use in the introductory course and to recommend to the students who want to self-study. The main purpose of this book is just to meet that need. The author has given lectures on the fuzzy theory and its applications for ten years and continuously developed lecture notes on the subject. This book is a publication of the modification and summary of the lecture notes. The fundamental idea of the book is to provide basic and concrete concepts of the fuzzy theory and its applications, and thus the author focused on easy illustrations of th...
The first book to group together and analyze all the chronology construction methods used in different disciplines, this book will appeal to a wide range of researchers, scientists and graduate students using chronologies in their work; from applied statisticians to archaeologists, geologists and paleontologists, to those working in bioinformatics and chronometry. It is truly interdisciplinary and designed to enable cross fertilization of techniques.
In his seminal 1982 paper, Robert F. Engle described a time series model with a time-varying volatility. Engle showed that this model, which he called ARCH (autoregressive conditionally heteroscedastic), is well-suited for the description of economic and financial price. Nowadays ARCH has been replaced by more general and more sophisticated models, such as GARCH (generalized autoregressive heteroscedastic). This monograph concentrates on mathematical statistical problems associated with fitting conditionally heteroscedastic time series models to data. This includes the classical statistical issues of consistency and limiting distribution of estimators. Particular attention is addressed to (quasi) maximum likelihood estimation and misspecified models, along to phenomena due to heavy-tailed innovations. The used methods are based on techniques applied to the analysis of stochastic recurrence equations. Proofs and arguments are given wherever possible in full mathematical rigour. Moreover, the theory is illustrated by examples and simulation studies.
In the years prior to this book being originally published in 1992, the study of industrial economics had been dominated by the USA. While there was a fund of theoretical and empirical knowledge relating to the US experience, this is not always relevant in the context of Europe. With its considerable national market the USA developed competition policies that differ from those in the smaller economies of European countries. This collection of essays looks at the market behaviour of an economy more open to international competition. The industrial organization of Sweden provides the ideal representation of smaller economies that can be applied to the other economies of western Europe. The con...