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Ordinary Shares. Exotic Methods: Financial Forecasting Using Data Mining Techniques
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by Francis E. H. Tay, Francis Tay Eng Hock, Lixiang Shen, and Lijuan Cao
Sales Rank: 2955855
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List Price: $72.00
$72.00
At Amazon
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Hardcover: 196 pages
Publisher: World Scientific Publishing Co Pte Ltd May 2003
Language: English
ISBN-10: 9812380752
ISBN-13: 978-9812380753
Product Dimensions:
9.1 x 6.2 x 0.6 inches
Shipping Weight: 1 pounds
Product Description
Exotic methods refer to a particular function within a general soft computing method such as genetic algorithms, neural networks and rough sets theory. They are applied to ordinary shares for a variety of financial purposes, such as portfolio selection and optimization, classification of market states, forecasting of market states and data mining. This is in contrast to the wide spectrum of work done on exotic financial instruments, wherein advanced mathematics is used to construct financial instruments for hedging risks and for investment. This text uses particular aspects of the general method to create interesting applications. For instance, genetic niching produces a family of portfolios for the trader to choose from. Support vector machines, a special form of neural networks, forecast the financial markets; such a forecast is on market states, of which there are three - uptrending, mean reverting and downtrending. A self-organizing map displays in a vivid manner the states of the market. Rough sets with a new discretization method extract information from stock prices.
Customer Reviews & Comments
I hadn't read the clumsy book description, or I would have chosen another book. Now I own a booklet in which a description of three data mining methods, having been applied to finance, which is what I was looking for. The articles however, seem to have been written in a hurry, and contain just too little information to enable me (econometrician with ample statistical and programming knowledge) to apply the methods myself. Useless ! I want my money back ( d'you hear, World Scientific ? )! Any one buy it from me for 40 $ ??
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Ordinary Shares. Exotic Methods: Financial Forecasting Using Data Mining Techniques
List Price: $72.00
Available from Amazon
Price: $72.00
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