🎉   Please check out our new website over at books-etc.com.

Seller
Your price
£70.08
RRP: £89.99
Save £19.91 (22%)
Printed on Demand
Dispatched within 14-21 working days.

State-Space Approaches for Modelling and Control in Financial Engineering

Systems theory and machine learning methods. Intelligent Systems Reference Library 125

By (author) Gerasimos G. Rigatos
Format: Hardback
Publisher: Springer International Publishing AG, Cham, Switzerland
Published: 13th Apr 2017
Dimensions: w 156mm h 234mm d 21mm
Weight: 654g
ISBN-10: 3319528653
ISBN-13: 9783319528656
Barcode No: 9783319528656
Trade or Institutional customer? Contact us about large order quotes.
Synopsis
The book conclusively solves problems associated with the control and estimation of nonlinear and chaotic dynamics in financial systems when these are described in the form of nonlinear ordinary differential equations. It then addresses problems associated with the control and estimation of financial systems governed by partial differential equations (e.g. the Black-Scholes partial differential equation (PDE) and its variants). Lastly it an offers optimal solution to the problem of statistical validation of computational models and tools used to support financial engineers in decision making. The application of state-space models in financial engineering means that the heuristics and empirical methods currently in use in decision-making procedures for finance can be eliminated. It also allows methods of fault-free performance and optimality in the management of assets and capitals and methods assuring stability in the functioning of financial systems to be established. Covering the following key areas of financial engineering: (i) control and stabilization of financial systems dynamics, (ii) state estimation and forecasting, and (iii) statistical validation of decision-making tools, the book can be used for teaching undergraduate or postgraduate courses in financial engineering. It is also a useful resource for the engineering and computer science community

New & Used

Seller Information Condition Price
-New£70.08
+ FREE UK P & P

What Reviewers Are Saying

Be the first to review this item. Submit your review now