Hidden Markov Models: Applications to Financial Economics by Ramaprasad Bhar (En

Description: Hidden Markov Models by Ramaprasad Bhar, Shigeyuki Hamori Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. The main aim of Hidden Markov Models: Applications to Financial Economics is to make such techniques available to more researchers in financial economics. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Notes Springer Book Archives Author Biography Bhar is an Associate Professor in the School of Banking and Finance at The University of New South Wales in Australia. Table of Contents Volatility in Growth Rate of Real GDP.- Linkages Among G7 Stock Markets.- Interplay between Industrial Production and Stock Market.- Linking Inflation and Inflation Uncertainty.- Exploring Permanent and Transitory Components of Stock Return.- Exploring the Relationship between Coincident Financial Market Indicators. Promotional Springer Book Archives Long Description 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. Details ISBN1441954481 Author Shigeyuki Hamori Publisher Springer-Verlag New York Inc. Series Advanced Studies in Theoretical and Applied Econometrics Year 2010 ISBN-10 1441954481 ISBN-13 9781441954480 Format Paperback Imprint Springer-Verlag New York Inc. Place of Publication New York, NY Country of Publication United States DEWEY 330 Edition 1st Language English Media Book Series Number 40 Residence AT Short Title HIDDEN MARKOV MODELS SOFTCOVER Pages 162 Subtitle Applications to Financial Economics Illustrations XVIII, 162 p. DOI 10.1007/978-1-4020-7940-5 Publication Date 2010-12-07 AU Release Date 2010-12-07 NZ Release Date 2010-12-07 US Release Date 2010-12-07 UK Release Date 2010-12-07 Edition Description Softcover reprint of the original 1st ed. 2004 Alternative 9781402078996 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96229588;

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