Big Data Science in Finance

<p><b>Explains the mathematics, theory, and methods of Big Data as applied to finance and investing</b></p> <p>Data science has fundamentally changed Wall Street—applied mathematics and software code are increasingly driving finance and investment-decision tools. <i>Big Data Science in Finance</i> examines the mathematics, theory, and practical use of the revolutionary techniques that are transforming the industry. Designed for mathematically-advanced students and discerning financial practitioners alike, this energizing book presents new, cutting-edge content based on world-class research taught in the leading Financial Mathematics and Engineering programs in the world. Marco Avellaneda, a leader in quantitative finance, and quantitative methodology author Irene Aldridge help readers harness the power of Big Data.</p> <p>Comprehensive in scope, this book offers in-depth instruction on how to separate signal from noise, how to deal with missing data values, and how to utilize Big Data techniques in decision-making. Key topics include data clustering, data storage optimization, Big Data dynamics, Monte Carlo methods and their applications in Big Data analysis, and more. This valuable book:</p> <ul> <li>Provides a complete account of Big Data that includes proofs, step-by-step applications, and code samples</li> <li>Explains the difference between Principal Component Analysis (PCA) and Singular Value Decomposition (SVD)</li> <li>Covers vital topics in the field in a clear, straightforward manner</li> <li>Compares, contrasts, and discusses Big Data and Small Data</li> <li>Includes Cornell University-tested educational materials such as lesson plans, end-of-chapter questions, and downloadable lecture slides</li> </ul> <p><i>Big Data Science in Finance: Mathematics and Applications </i>is an important, up-to-date resource for students in economics, econometrics, finance, applied mathematics, industrial engineering, and business courses, and for investment managers, quantitative traders, risk and portfolio managers, and other financial practitioners.</p>