Hidden Markov Models: Applications to Financial Economics: 40 (Advanced Studies in Theoretical and Applied Econometrics) - Softcover

Bhar, Ramaprasad; Hamori, Shigeyuki

 
9781441954480: Hidden Markov Models: Applications to Financial Economics: 40 (Advanced Studies in Theoretical and Applied Econometrics)
Softcover
ISBN 10: 1441954481 ISBN 13: 9781441954480
Verlag: Springer, 2010

Inhaltsangabe

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas of social science research as well. The main aim of Hidden Markov Models: Applications to Financial Economics is to make such techniques available to more researchers in financial economics. As such we only cover the necessary theoretical aspects in each chapter while focusing on real life applications using contemporary data mainly from OECD group of countries. The underlying assumption here is that the researchers in financial economics would be familiar with such application although empirical techniques would be more traditional econometrics. Keeping the application level in a more familiar level, we focus on the methodology based on hidden Markov processes. This will, we believe, help the reader to develop more in-depth understanding of the modeling issues thereby benefiting their future research.

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Reseña del editor

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas of social science research as well. The main aim of Hidden Markov Models: Applications to Financial Economics is to make such techniques available to more researchers in financial economics. As such we only cover the necessary theoretical aspects in each chapter while focusing on real life applications using contemporary data mainly from OECD group of countries. The underlying assumption here is that the researchers in financial economics would be familiar with such application although empirical techniques would be more traditional econometrics. Keeping the application level in a more familiar level, we focus on the methodology based on hidden Markov processes. This will, we believe, help the reader to develop more in-depth understanding of the modeling issues thereby benefiting their future research.

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Verlag
Springer
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
1441954481
ISBN 13 
9781441954480
Einband
Tapa blanda
Anzahl der Seiten
184
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
CMN Printpool Inh. Mathis Neumann
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Hamburg
Deutschland

Weitere beliebte Ausgaben desselben Titels

9781402078996: Hidden Markov Models: Applications to Financial Economics: 40 (Advanced Studies in Theoretical and Applied Econometrics)

Vorgestellte Ausgabe

ISBN 10:  1402078994 ISBN 13:  9781402078996
Verlag: Springer, 2004
Hardcover