April 2015
Intermediate to advanced
340 pages
7h 21m
English
Content preview from Mastering Python for FinanceBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Examples of nonlinear models
Many nonlinear models have been proposed for academic and applied research to explain certain aspects of economic and financial data that are left unexplained by linear models. The literature on nonlinearity in finance is simply too broad and deep to be adequately explained in this book. In this section, we will just briefly discuss some examples of nonlinear models that we may possibly come across for practical uses: the implied volatility model, Markov-switching model, threshold model, and smooth transition model.
The implied volatility model
Perhaps one of the most widely studied option pricing models is the Black-Scholes-Merton model, or simply the Black-Scholes model in short. A call (put) option is a right, not ...
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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.