Download or read book Optimal Mean Reversion Trading written by Tim Leung (Professor of industrial engineering) and published by World Scientific. This book was released on 2015-11-26 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Optimal Mean Reversion Trading: Mathematical Analysis and Practical Applications provides a systematic study to the practical problem of optimal trading in the presence of mean-reverting price dynamics. It is self-contained and organized in its presentation, and provides rigorous mathematical analysis as well as computational methods for trading ETFs, options, futures on commodities or volatility indices, and credit risk derivatives. This book offers a unique financial engineering approach that combines novel analytical methodologies and applications to a wide array of real-world examples. It extracts the mathematical problems from various trading approaches and scenarios, but also addresses the practical aspects of trading problems, such as model estimation, risk premium, risk constraints, and transaction costs. The explanations in the book are detailed enough to capture the interest of the curious student or researcher, and complete enough to give the necessary background material for further exploration into the subject and related literature. This book will be a useful tool for anyone interested in financial engineering, particularly algorithmic trading and commodity trading, and would like to understand the mathematically optimal strategies in different market environments."--

Download or read book Optimal Mean Reversion Trading Mathematical Analysis And Practical Applications written by Tim Siu-tang Leung and published by World Scientific. This book was released on 2015-11-26 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal Mean Reversion Trading: Mathematical Analysis and Practical Applications provides a systematic study to the practical problem of optimal trading in the presence of mean-reverting price dynamics. It is self-contained and organized in its presentation, and provides rigorous mathematical analysis as well as computational methods for trading ETFs, options, futures on commodities or volatility indices, and credit risk derivatives.This book offers a unique financial engineering approach that combines novel analytical methodologies and applications to a wide array of real-world examples. It extracts the mathematical problems from various trading approaches and scenarios, but also addresses the practical aspects of trading problems, such as model estimation, risk premium, risk constraints, and transaction costs. The explanations in the book are detailed enough to capture the interest of the curious student or researcher, and complete enough to give the necessary background material for further exploration into the subject and related literature.This book will be a useful tool for anyone interested in financial engineering, particularly algorithmic trading and commodity trading, and would like to understand the mathematically optimal strategies in different market environments.

Download or read book Pairs Trading written by Ganapathy Vidyamurthy and published by John Wiley & Sons. This book was released on 2011-02-02 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in-depth analysis of pairs trading Pairs trading is a market-neutral strategy in its most simple form. The strategy involves being long (or bullish) one asset and short (or bearish) another. If properly performed, the investor will gain if the market rises or falls. Pairs Trading reveals the secrets of this rigorous quantitative analysis program to provide individuals and investment houses with the tools they need to successfully implement and profit from this proven trading methodology. Pairs Trading contains specific and tested formulas for identifying and investing in pairs, and answers important questions such as what ratio should be used to construct the pairs properly. Ganapathy Vidyamurthy (Stamford, CT) is currently a quantitative software analyst and developer at a major New York City hedge fund.

Download or read book New Paradigm for Re engineering Education written by Yin Cheong Cheng and published by Springer Science & Business Media. This book was released on 2006-01-17 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the challenges of globalization and local development, educational reforms are inevitably becoming one of the major trends in the Asia-Pacific Region or other parts of the world. Based on the most recent research and international observations, this book aims to present a new paradigm including various new concepts, frameworks and theories for reengineering education. This book has 21 chapters in three sections. Section I "New Paradigm of Educational Reform" containing eight chapters, illustrates the new paradigm and frameworks of reengineering education, fostering human development and analysing reform policies and also discusses the trends and challenges of educational reforms in the Asia-Pacific Region. Section II "New Paradigm of Educational Leadership" with five chapters aims to elaborate how the nature, role and practice of school leadership can be transformed towards a new paradigm and respond to the three waves of education reforms. Section III "Reengineering School Management for Effectiveness" with eight chapters aims to provide various practical frameworks for reengineering school management processes and implementing changes in school practices.

Download or read book Noise Reduction in Speech Processing written by Jacob Benesty and published by Springer Science & Business Media. This book was released on 2009-04-28 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Noise is everywhere and in most applications that are related to audio and speech, such as human-machine interfaces, hands-free communications, voice over IP (VoIP), hearing aids, teleconferencing/telepresence/telecollaboration systems, and so many others, the signal of interest (usually speech) that is picked up by a microphone is generally contaminated by noise. As a result, the microphone signal has to be cleaned up with digital signal processing tools before it is stored, analyzed, transmitted, or played out. This cleaning process is often called noise reduction and this topic has attracted a considerable amount of research and engineering attention for several decades. One of the objectives of this book is to present in a common framework an overview of the state of the art of noise reduction algorithms in the single-channel (one microphone) case. The focus is on the most useful approaches, i.e., filtering techniques (in different domains) and spectral enhancement methods. The other objective of Noise Reduction in Speech Processing is to derive all these well-known techniques in a rigorous way and prove many fundamental and intuitive results often taken for granted. This book is especially written for graduate students and research engineers who work on noise reduction for speech and audio applications and want to understand the subtle mechanisms behind each approach. Many new and interesting concepts are presented in this text that we hope the readers will find useful and inspiring.

Download or read book Financial Markets and Trading written by Anatoly B. Schmidt and published by John Wiley & Sons. This book was released on 2011-07-05 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: An informative guide to market microstructure and trading strategies Over the last decade, the financial landscape has undergone a significant transformation, shaped by the forces of technology, globalization, and market innovations to name a few. In order to operate effectively in today's markets, you need more than just the motivation to succeed, you need a firm understanding of how modern financial markets work and what professional trading is really about. Dr. Anatoly Schmidt, who has worked in the financial industry since 1997, and teaches in the Financial Engineering program of Stevens Institute of Technology, puts these topics in perspective with his new book. Divided into three comprehensive parts, this reliable resource offers a balance between the theoretical aspects of market microstructure and trading strategies that may be more relevant for practitioners. Along the way, it skillfully provides an informative overview of modern financial markets as well as an engaging assessment of the methods used in deriving and back-testing trading strategies. Details the modern financial markets for equities, foreign exchange, and fixed income Addresses the basics of market dynamics, including statistical distributions and volatility of returns Offers a summary of approaches used in technical analysis and statistical arbitrage as well as a more detailed description of trading performance criteria and back-testing strategies Includes two appendices that support the main material in the book If you're unprepared to enter today's markets you will underperform. But with Financial Markets and Trading as your guide, you'll quickly discover what it takes to make it in this competitive field.

Download or read book The Expression of Information Structure written by Manfred Krifka and published by Walter de Gruyter. This book was released on 2012-08-31 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information structure deals with the linguistic forms and techniques that support the integration of what is said into the current informational and attentional state of the addressee. This shows in categories like topic-comment structuring, focus to highlight expressions, marking of givenness and of presupposed information, and ways to indicate that the information provided is restricted. The book relates infor-mation structure to theoretical models of grammar, to computation and modelling and brings together what is known about the expression of information structure in human language with regard to its empirical investigation, its psycholinguistic aspects and the acquisition of information structure. Since the need to integrate what is said into the informational and attentional state of the addressee is central to all human communication, it is not surprising that all natural languages have developed devices to express information structural cate-gories. To illustrate this, the book also provides concrete and theory independent descriptions of the information structural encoding strategies of individual languages of different types . The book can be used as a textbook appropriate for advanced undergraduate and graduate courses; it also provides information for linguists that are not specialists in the field.

Download or read book The Birth of Digital Human Rights written by Rebekah Dowd and published by Springer Nature. This book was released on 2021-11-17 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers contested responsibilities between the public and private sectors over the use of online data, detailing exactly how digital human rights evolved in specific European states and gradually became a part of the European Union framework of legal protections. The author uniquely examines why and how European lawmakers linked digital data protection to fundamental human rights, something heretofore not explained in other works on general data governance and data privacy. In particular, this work examines the utilization of national and European Union institutional arrangements as a location for activism by legal and academic consultants and by first-mover states who legislated digital human rights beginning in the 1970s. By tracing the way that EU Member States and non-state actors utilized the structure of EU bodies to create the new norm of digital human rights, readers will learn about the process of expanding the scope of human rights protections within multiple dimensions of European political space. The project will be informative to scholar, student, and layperson, as it examines a new and evolving area of technology governance – the human rights of digital data use by the public and private sectors.

Download or read book Working with Dynamic Crop Models written by Daniel Wallach and published by Academic Press. This book was released on 2013-11-25 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of Working with Dynamic Crop Models is meant for self-learning by researchers or for use in graduate level courses devoted to methods for working with dynamic models in crop, agricultural, and related sciences. Each chapter focuses on a particular topic and includes an introduction, a detailed explanation of the available methods, applications of the methods to one or two simple models that are followed throughout the book, real-life examples of the methods from literature, and finally a section detailing implementation of the methods using the R programming language. The consistent use of R makes this book immediately and directly applicable to scientists seeking to develop models quickly and effectively, and the selected examples ensure broad appeal to scientists in various disciplines. - 50% new content – 100% reviewed and updated - Clearly explains practical application of the methods presented, including R language examples - Presents real-life examples of core crop modeling methods, and ones that are translatable to dynamic system models in other fields

Download or read book Resilient and Responsible Smart Cities written by Norsidah Ujang and published by Springer Nature. This book was released on 2021-08-18 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the ways in which resiliency can foster the transformation of cities. There is a growing need for our cities to be transformed into “smart” cities; in this regard, tremendous efforts are called for in order to face the environmental challenges that play a major role in the creation or transformation of cities and environments. This book covers a broad range of applications and approaches that are “smart” and “resilient,” which, when combined, offer much more flexibility concerning the future of our cities. Consequently, this simple combination, which is producing sweeping changes around the globe, has attracted considerable attention from scholars and decision-makers alike.

Download or read book Handbook of Research on Smart Power System Operation and Control written by Alhelou, Hassan Haes and published by IGI Global. This book was released on 2019-03-15 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because society depends greatly on electric energy, power system control and protection focuses on ensuring a secure and reliable supply of power. To operate the electric systems in safe mode, the power system component should be equipped with intelligent controllers. The Handbook of Research on Smart Power System Operation and Control is a collection of innovative research on the theoretical and practical developments in smart power system operation and control that takes into account both smart grid and micro-grid systems. While highlighting topics including cybersecurity, smart grid, and wide area monitoring, this book is ideally designed for researchers, students, and industry professionals.

Download or read book Video Vision written by Martin J. Downing and published by Cambridge Scholars Publishing. This book was released on 2008 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the use of video has soared spurring debate about the body-camera-environment connection and other concepts a social scientist considering this research tool will face. In this volume we zoom in on ethics, methodology, and analysis, while also zooming out on a wider praxis. The time is here to collectively identify our experiences, methods, and knowledge of video as a research methodology. This compilation of work unpacks the use of video as a research tool. Often through the interdisciplinary lens of environmental psychology as well as anthropology, sociology, and the broader field of psychology, fascinating angles of the use of participant and naturalistic observations are captured along with that of participatory action research. Strategies such as recording video messages, the creation of student informed videos, and facilitating videos taken by or edited by research participants are coupled with methods for obtaining Institutional Review Board approvals, analysis, development of theory or action, and presentation. This volume presents thought provoking, cutting-edge research that is both accessible to students and useful for social scientists who are yearning for a more accurate way to collect, analyze, and present data in our hyper-technical, visual, and competitive world.

Download or read book A Machine Learning based Pairs Trading Investment Strategy written by Simão Moraes Sarmento and published by Springer Nature. This book was released on 2020-07-13 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the application of promising machine learning techniques to address two problems: (i) how to find profitable pairs while constraining the search space and (ii) how to avoid long decline periods due to prolonged divergent pairs. It also proposes the integration of an unsupervised learning algorithm, OPTICS, to handle problem (i), and demonstrates that the suggested technique can outperform the common pairs search methods, achieving an average portfolio Sharpe ratio of 3.79, in comparison to 3.58 and 2.59 obtained using standard approaches. For problem (ii), the authors introduce a forecasting-based trading model capable of reducing the periods of portfolio decline by 75%. However, this comes at the expense of decreasing overall profitability. The authors also test the proposed strategy using an ARMA model, an LSTM and an LSTM encoder-decoder.

Download or read book Embedded Everywhere written by National Research Council and published by National Academies Press. This book was released on 2001-09-18 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in the miniaturization and networking of microprocessors promise a day when networked computers are embedded throughout the everyday world. However, our current understanding of what such systems would be like is insufficient to bring the promise to reality. Embedded, Everywhere explores the potential of networked systems of embedded computers and the research challenges arising from embedding computation and communications technology into a wide variety of applicationsâ€"from precision agriculture to automotive telematics to defense systems. It describes how these emerging networks operate under unique constraints not present in more traditional distributed systems, such as the Internet. It articulates how these networks will have to be dynamically adaptive and self-configuring, and how new models for approaching programming and computation are necessary. Issues relating to trustworthiness, security, safety, reliability, usability, and privacy are examined in light of the ubiquitous nature of these systems. A comprehensive, systems-oriented research agenda is presented, along with recommendations to major federal funding agencies.

Download or read book Clothing Appearance and Fit written by J Fan and published by Elsevier. This book was released on 2004-09-20 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fashion and beauty have helped shape history and today more than ever, we find ourselves under increasing pressure to think about what we wear, what we look good in and how best to enhance our body shape and size. Behind this seemingly superficial industry, however, lies a technical thinking firmly grounded in science and technology. In one fully comprehensive book, Clothing appearance and fit: Science and technology provides a critical appreciation of the technological developments and scientific understanding of the appearance and fit of clothing. The authors bridge the science of beauty and fashion design with garment evaluation technology, garment drape and human anthropometrics and sizing.The ten chapters of the book provide a detailed coverage of clothing appearance and fit. Chapter 1 considers body attractiveness and how it relates to clothing material and design parameters and discusses classical and contemporary theories of beauty. Chapters 2 and 3 present the industry's techniques, methods and standards for assessing clothing appearance and fit and Chapters 4 and 5 review the research and development of objective measurement technologies for evaluating clothing appearance and fit. Fabric objective measurement, fabric properties and garment drape are covered in Chapters 6 and 7 and the R & D of body measurement, anthropometrics and sizing systems are detailed in Chapters 8 and 9. The final chapter reviews published work on garment design and pattern alteration for achieving good clothing appearance and fit.This book is an essential reference for researchers, academics, professionals and students in clothing and textile academia and industry. It includes many industrial standards, techniques and practices. - Offers a critical appreciation of technological developments - Incorporates user-friendly illustrations and photographs - Valuable reference for students, researchers and professionals in the clothing and textile industries

Download or read book Human Resource Management in Organisations written by Izabela Robinson and published by Cipd - Kogan Page. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Develop the thorough grounding in the key issues and developments relating to people management within organisations, which will allow you to succeed when applying the theory in practice.

Download or read book Optimal Mean Reversion Trading written by Tim Leung and published by . This book was released on 2019 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic study on the optimal timing of trades in markets with mean-reverting price dynamics. We present a financial engineering approach that distills the core mathematical questions from different trading problems, and also incorporates the practical aspects of trading, such as model estimation, risk premia, risk constraints, and transaction costs, into our analysis. Self-contained and organized, the book not only discusses the mathematical framework and analytical results for the financial problems, but also gives formulas and numerical tools for practical implementation. A wide array of real-world applications are discussed, such as pairs trading of exchange-traded funds, dynamic portfolio of futures on commodities or volatility indices, and liquidation of options or credit risk derivatives.A core element of our mathematical approach is the theory of optimal stopping. For a number of the trading problems discussed herein, the optimal strategies are represented by the solutions to the corresponding optimal single/multiple stopping problems. This also leads to the analytical and numerical studies of the associated variational inequalities or free boundary problems. We provide an overview of our methodology and chapter outlines in the Introduction.Our objective is to design the book so that it can be useful for doctoral and masters students, advanced undergraduates, and researchers in financial engineering/mathematics, especially those who specialize in algorithmic trading, or have interest in trading exchange-traded funds, commodities, volatility, and credit risk, and related derivatives. For practitioners, we provide formulas for instant strategy implementation, propose new trading strategies with mathematical justification, as well as quantitative enhancement for some existing heuristic trading strategies.