Financial Risk Management with Bayesian Estimation of GARCH Models: Theory and Applications

Financial Risk Management with Bayesian Estimation of GARCH Models: Theory and Applications This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essential tools in n ancial econometrics and have, until recently, mainly been estimated using the classical Maximum Likelihood technique. As this… Continue reading Financial Risk Management with Bayesian Estimation of GARCH Models: Theory and Applications

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Bayesian Heuristic Approach to Discrete and Global Optimization: Algorithms, Visualization, Software, and Applications (Nonconvex Optimization and Its Applications)

Bayesian Heuristic Approach to Discrete and Global Optimization: Algorithms, Visualization, Software, and Applications (Nonconvex Optimization and Its Applications) Bayesian decision theory is known to provide an effective framework for the practical solution of discrete and nonconvex optimization problems. This book is the first to demonstrate that this framework is also well suited for the exploitation… Continue reading Bayesian Heuristic Approach to Discrete and Global Optimization: Algorithms, Visualization, Software, and Applications (Nonconvex Optimization and Its Applications)