BEST estimator of tomorrow’s price is today’s price. 😊
- Banks may change Interest Rate to slow down or speed up the economy.
- Lowering Interest Rate implies or might lead to short run boost in the economy.
- If economy is strong the interest rate is high and vice versa.
Computational Finance is branch of Applied Computer Science that deals with problems of practical interest in Finance. It puts emphasis on practical numerical methods rather than mathematical proofs of Applied Science.
Focuses on techniques directly applied to economic analysis.
Its interdisciplinary between mathematical finance and numerical methods.Continue reading “Computational Finance | Financial engineering”
Library : collection of related functionalities.
Module : set of independent units that can be used to construct a complex structure . functions and global variables.
API : is an interface for other applications to interact with your library without having direct access.Continue reading “Creation differences”
usage : financial crisis prediction