November 2013
Beginner
164 pages
3h 46m
English
book
Introduction to R for Quantitative Finance
by Gergely Daróczi, Michael Phule, Edina Berlinger (EURO), Peter Csoka, Daniel Daniel Havran, Marton Michaletzky, Zsolt Tulassay, Kata Váradi, Agnes Vidovics-Dancs, Agnes Vidovics Dancs
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Cointegration
The idea behind cointegration, a concept introduced by Granger (1981) and formalized by Engle and Granger (1987), is to find a linear combination between non-stationary time series that result in a stationary time series. It is hence possible to detect stable long-run relationships between non-stationary time series (for example, prices).
Cross hedging jet fuel
Airlines are natural buyers of jet fuel. Since the price of jet fuel can be very volatile, most airlines hedge at least part of their exposure to jet fuel price changes. In the absence of liquid jet fuel OTC instruments, airlines use related exchange traded futures contracts (for example, heating oil) for hedging purposes. In the following section, we derive the optimal hedge ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.