Modern Portfolio Optimization with NuOPT, S-PLUS, and S+Bayes by Bernd Scherer (

Description: Modern Portfolio Optimization with NuOPT, S-PLUS, and S+Bayes by Bernd Scherer, R. Douglas Martin Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description In recent years portfolio optimization and construction methodologies have become an increasingly critical ingredient of asset and fund management, while at the same time portfolio risk assessment has become an essential ingredient in risk management, and this trend will only accelerate in the coming years. Publisher Description In recent years portfolio optimization and construction methodologies have become an increasingly critical ingredient of asset and fund management, while at the same time portfolio risk assessment has become an essential ingredient in risk management, and this trend will only accelerate in the coming years. Unfortunately there is a large gap between the limited treatment of portfolio construction methods that are presented in most university courses with relatively little hands-on experience and limited computing tools, and the rich and varied aspects of portfolio construction that are used in practice in the finance industry. Current practice demands the use of modern methods of portfolio construction that go well beyond the classical Markowitz mean-variance optimality theory and require the use of powerful scalable numerical optimization methods. This book fills the gap between current university instruction and current industry practice by providing a comprehensive computationally-oriented treatment of modern portfolio optimization and construction methods. The computational aspect of the book is based on extensive use of S-Plus, the S+NuOPT? optimization module, the S-Plus Robust Library and the S+Bayes?Library, along with about 100 S-Plus scripts and some CRSP sample data sets of stock returns. A special time-limited version of the S-Plus software is available to purchasers of this book. "For money managers and investment professionals in the field, optimization is truly a can of worms rather left un-opened, until now! Here lies a thorough explanation of almost all possibilities one can think of for portfolio optimization, complete with error estimation techniques and explanation of when non-normality plays a part. A highly recommended and practical handbook for the consummate professional and student alike!"Steven P. Greiner, Ph. D. Chief Large Cap Quant & Fundamental Research ManagerHarris Investment Management"The authors take a huge step in the long struggle to establish applied post-modern portfolio theory. The optimization and statistical techniques generalize the normal linear model to include robustness, non-normality, and semi-conjugate Bayesian analysis via MCMC. The techniques are very clearly demonstrated by the extensive use and tight integration of S-Plus software.Their book should be an enormous help to students and practitioners trying to move beyond traditional modern portfolio theory. "Peter KnezCIO, Global Head of Fixed IncomeBarclays Global Investors Details ISBN 0387210164 ISBN-13 9780387210162 Title Modern Portfolio Optimization with NuOPT, S-PLUS, and S+Bayes Author Bernd Scherer, R. Douglas Martin Format Hardcover Year 2005 Pages 406 Edition 1st Publisher Springer-Verlag New York Inc. GE_Item_ID:137758354; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 127.53 USD

Location: Fairfield, Ohio

End Time: 2024-11-27T03:20:26.000Z

Shipping Cost: 0 USD