How Long to Read Multifractal Volatility

How Long Does it Take to Read Multifractal Volatility?

It takes the average reader 4 hours and 34 minutes to read Multifractal Volatility by Laurent E. Calvet

Assuming a reading speed of 250 words per minute. Learn more

Description

Calvet and Fisher present a powerful, new technique for volatility forecasting that draws on insights from the use of multifractals in the natural sciences and mathematics and provides a unified treatment of the use of multifractal techniques in finance. A large existing literature (e.g., Engle, 1982; Rossi, 1995) models volatility as an average of past shocks, possibly with a noise component. This approach often has difficulty capturing sharp discontinuities and large changes in financial volatility. Their research has shown the advantages of modelling volatility as subject to abrupt regime changes of heterogeneous durations. Using the intuition that some economic phenomena are long-lasting while others are more transient, they permit regimes to have varying degrees of persistence. By drawing on insights from the use of multifractals in the natural sciences and mathematics, they show how to construct high-dimensional regime-switching models that are easy to estimate, and substantially outperform some of the best traditional forecasting models such as GARCH. The goal of Multifractal Volatility is to popularize the approach by presenting these exciting new developments to a wider audience. They emphasize both theoretical and empirical applications, beginning with a style that is easily accessible and intuitive in early chapters, and extending to the most rigorous continuous-time and equilibrium pricing formulations in final chapters. Presents a powerful new technique for forecasting volatility Leads the reader intuitively from existing volatility techniques to the frontier of research in this field by top scholars at major universities The first comprehensive book on multifractal techniques in finance, a cutting-edge field of research

How long is Multifractal Volatility?

Multifractal Volatility by Laurent E. Calvet is 272 pages long, and a total of 68,544 words.

This makes it 92% the length of the average book. It also has 84% more words than the average book.

How Long Does it Take to Read Multifractal Volatility Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 14 minutes to read Multifractal Volatility aloud.

What Reading Level is Multifractal Volatility?

Multifractal Volatility is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Multifractal Volatility?

Multifractal Volatility by Laurent E. Calvet is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Multifractal Volatility by Laurent E. Calvet on Amazon click the button below.