Financial Data Analytics with R: Monte-Carlo Validation - Softcover

Chen, Jenny K.

Softcover

ISBN 10: 103274149X ISBN 13: 9781032741499

Publisher: Chapman and Hall/CRC, 2024

Synopsis

Financial Data Analysis with R: Monte-Carlo Validation is a comprehensive exploration of statistical methodologies and their applications in finance. Readers are taken on a journey in each chapter through practical explanations and examples, enabling them to develop a solid foundation of these methods in R and their applications in finance.

This book serves as an indispensable resource for finance professionals, analysts, and enthusiasts seeking to harness the power of data-driven decision-making.

The book goes beyond just teaching statistical methods in R and incorporates a unique section of informative Monte-Carlo simulations. These Monte-Carlo simulations are uniquely designed to showcase the reader the potential consequences and misleading conclusions that can arise when fundamental model assumptions are violated. Through step-by-step tutorials and realworld cases, readers will learn how and why model assumptions are important to follow.

With a focus on practicality, Financial Data Analysis with R: Monte-Carlo Validation equips readers with the skills to construct and validate financial models using R. The Monte-Carlo simulation exercises provide a unique opportunity to understand the methods further, making this book an essential tool for anyone involved in financial analysis, investment strategy, or risk management. Whether you are a seasoned professional or a newcomer to the world of financial analytics, this book serves as a guiding light, empowering you to navigate the landscape of finance with precision and confidence.

Key Features:

• An extensive compilation of commonly used financial data analytics methods from fundamental to advanced levels
• Learn how to model and analyze financial data with step-by-step illustrations in R and ready-to-use publicly available data
• Includes Monte-Carlo simulations uniquely designed to showcase the reader the potential consequences and misleading conclusions that arise when fundamental model assumptions are violated
• Data and computer programs are available for readers to replicate and implement the models and methods themselves

About this title

About the Author

Jenny K. Chen graduated with a Master's and Bachelor's degree in the Department of Statistics and Data Science at Cornell University. With expertise honed through academic pursuits and her current role as a quantitative product manager at Morgan Stanley, she is particularly interested in the applications of statistical modelling in finance and portfolio management. She was the youngest published author at the Joint Statistical Meetings in 2016 and has published several research papers in statistical modelling and data analytics.

Edition details

• Publisher: Chapman and Hall/CRC
• Publication date: 2024
• Language: English
• ISBN 10: 103274149X
• ISBN 13: 9781032741499
• Binding: Paperback
• Edition number: 1
• Number of pages: 298