{"product_id":"bayesian-methods-in-finance","title":"Bayesian Methods in Finance","description":"\u003cp\u003eAn accessible overview of the theory and practice of Bayesian Methods in Finance\u003c\/p\u003e \u003cp\u003eThis first-of-its-kind book explains and illustrates the fundamentals of the Bayesian methodology and their applications to finance in clear and accessible terms.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBayesian Methods in Finance\u003c\/i\u003e provides a unified examination of the use of Bayesian theory and practice in portfolio and risk management—explaining the concepts and techniques that can be applied to real-world financial problems.\u003c\/p\u003e \u003cp\u003eThis book is a guide to using Bayesian methods and, notably, the Markov Chain Monte Carlo toolbox to: incorporate prior views of an analyst or a fund manager into the asset allocation process; estimate and predict volatility; improve risk forecasts; and combine the conclusions of different models. Each application presentation begins with the basics, works through the traditional \"frequentist\" perspective, and then follows with the Bayesian treatment.\u003c\/p\u003e \u003cp\u003eThis invaluable resource presents a theoretically sound framework for combining various sources of information and a robust estimation setting that explicitly incorporates estimation risk, and brings within reach the flexibility to handle complex and realistic models.\u003c\/p\u003e","brand":"Frank J. Fabozzi","offers":[{"title":"Default Title","offer_id":42849037090877,"sku":"9780471920830","price":142.16,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9780471920830_ca6838fc-b46f-49b2-b625-cb3693d00560.jpg?v=1766991545","url":"https:\/\/www.palmleaf.com.au\/products\/bayesian-methods-in-finance","provider":"Palmleaf","version":"1.0","type":"link"}