I.5, Numerical Methods in Finance

Discussion on Quantitative Methods in Finance
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izzahmu
Posts: 6
Joined: Thu Sep 05, 2013 5:59 pm

I.5, Numerical Methods in Finance

Postby izzahmu » Mon Sep 09, 2013 4:58 pm

Hi,
To what extent do we need to master the material in this unit before moving forward. I have been doing fine until here, there are many algorithms that are mentioned briefly with many names I never heard of before. I can follow the logic as I read through the material, but its all new and I find myself not retaining much of it for the long run.

Can I treat it as a reference material and move on or would it come back to bite me in latter volumes?

Dan
Posts: 25
Joined: Mon Oct 24, 2011 4:00 pm

Re: I.5, Numerical Methods in Finance

Postby Dan » Mon Sep 09, 2013 9:37 pm

In my experience, i find that it depends what you will be doing in future. If i will be doing hands-on empirical research, then knowing these material as well as knowing the ins and outs of linear regression, for example, is going to be useful. But if i just want to gain a conceptual understanding of what other researchers are doing in the grand scheme of things, then a basic familiarity and understanding will suffice.

If one will do empirical research in future, the other limiting factor is how well one can use softwares like Matlab, after all, most of these numerical methods will have to be executed in matlab.

Hope it clarifes.

Dan

izzahmu
Posts: 6
Joined: Thu Sep 05, 2013 5:59 pm

Re: I.5, Numerical Methods in Finance

Postby izzahmu » Tue Sep 10, 2013 4:23 pm

Thanks Dan that was helpful,

For now I am trying to know what this is about and learn how thing relate to one another. Would come back to the material as I need it then.


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