Stochastic Processes and Calculus: An Elementary Introduction with Applications

Stochastic Processes and Calculus: An Elementary Introduction with Applications

2015-12-13 | ISBN: 3319234277, 3319794825 | PDF | 391 Pages | 4.57 MB

This textbook gives a comprehensive introduction to stochastic processes and calculus in the fields of finance and economics, more specifically mathematical finance and time series econometrics. Over the past decades stochastic calculus and processes have gained great importance, because they play a decisive role in the modeling of financial markets and as a basis for modern time series econometrics. Mathematical theory is applied to solve stochastic differential equations and to derive limiting results for statistical inference on nonstationary processes.
This introduction is elementary and rigorous at the same time. On the one hand it gives a basic and illustrative presentation of the relevant topics without using many technical derivations. On the other hand many of the procedures are presented at a technically advanced level: for a thorough understanding, they are to be proven. In order to meet both requirements jointly, the present book is equipped with a lot of challenging problems at the end of each chapter as well as with the corresponding detailed solutions. Thus the virtual text - augmented with more than 60 basic examples and 40 illustrative figures - is rather easy to read while a part of the technical arguments is transferred to the exercise problems and their solutions.

Download:

http://longfiles.com/52mczwmld5tx/Stochastic_Processes_and_Calculus_An_Elementary_Introduction_with_Applications.zip.html

[Fast Download] Stochastic Processes and Calculus: An Elementary Introduction with Applications


Related eBooks:
Handbook of Social Media Management: Value Chain and Business Models in Changing Media Markets
Strategy is Digital: How Companies Can Use Big Data in the Value Chain
Hedge Funds For Dummies
Home Buying Kit For Dummies
High-Powered Investing All-in-One For Dummies
Applications of Data-Centric Science to Social Design: Qualitative and Quantitative Understanding of
Investing in One Lesson (Audiobook)
The Handbook of Global Corporate Treasury
Games of Strategy, 4th Edition
Nicholas H. Bingham - Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives
Redis Preductive Analytics Report
Regionalism, Multiculturalism, and the Politics of Global Trade
Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.