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Binding: HardcoverDewey Decimal Number: 332.632042 EAN: 9789812380753 ISBN: 9812380752 Label: World Scientific Publishing Co Pte Ltd Manufacturer: World Scientific Publishing Co Pte Ltd Number Of Pages: 196 Publication Date: 2003-05 Publisher: World Scientific Publishing Co Pte Ltd Studio: World Scientific Publishing Co Pte Ltd Browse for similar items by category: Click to Display Editorial Review: 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. Average Rating:
 Rating: - I want my money back !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 ? )! Read More 
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