{"product_id":"9781119387619","title":"Applied Probabilistic Calculus for Financial Engineering An Introduction Using R","description":"\u003ch1\u003eApplied Probabilistic Calculus for Financial Engineering\u003c\/h1\u003e\u003ch2\u003eAn Introduction Using R\u003c\/h2\u003e\u003ch3\u003eBertram K. C. Chan\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eMathematics \/ Calculus\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003e\u003cb\u003eIllustrates how R may be used successfully to solve problems in quantitative finance\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eApplied Probabilistic Calculus for Financial Engineering: An Introduction Using R\u003c\/i\u003e provides R recipes for asset allocation and portfolio optimization problems. It begins by introducing all the necessary probabilistic and statistical foundations, before moving on to topics related to asset allocation and portfolio optimization with R codes illustrated for various examples. This clear and concise book covers financial engineering, using R in data analysis, and univariate, bivariate, and multivariate data analysis. It examines probabilistic calculus for modeling financial engineering—walking the reader through building an effective financial model from the Geometric Brownian Motion (GBM) Model via probabilistic calculus, while also covering Ito Calculus. Classical mathematical models in financial engineering and modern portfolio theory are discussed—along with the Two Mutual Fund Theorem and The Sharpe Ratio. The book also looks at R as a calculator and using R in data analysis in financial engineering. Additionally, it covers asset allocation using R, financial risk modeling and portfolio optimization using R, global and local optimal values, locating functional maxima and minima, and portfolio optimization by performance analytics in CRAN.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers optimization methodologies in probabilistic calculus for financial engineering\u003c\/li\u003e \u003cli\u003eAnswers the question: What does a \"Random Walk\" Financial Theory look like?\u003c\/li\u003e \u003cli\u003eCovers the GBM Model and the Random Walk Model\u003c\/li\u003e \u003cli\u003eExamines modern theories of portfolio optimization, including The Markowitz Model of Modern Portfolio Theory (MPT), The Black-Litterman Model, and The Black-Scholes Option Pricing Model\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eApplied Probabilistic Calculus for Financial Engineering: An Introduction Using R\u003c\/i\u003e s an ideal reference for professionals and students in economics, econometrics, and finance, as well as for financial investment quants and financial engineers.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e   \u003cp\u003e\u003cb\u003e BERTRAM K. C. CHAN, PhD,\u003c\/b\u003e is Consulting Biostatistician at the Loma Linda University Health, School of Medicine, Loma Linda, CA. Dr. Chan is also Software Development and Forum Lecturer at the School of Public Health, LLUH Department of Biostatistics and Epidemiology.   \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e16 October 2017\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119387619\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e536\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e34.4\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44312928911500,"sku":"9781119387619","price":141.26,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119387619_a30e93ad-188e-487f-b3a4-923aa70e641e.jpg?v=1780162480","url":"https:\/\/lateknightbooks.com\/products\/9781119387619","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}