Hidden Markov Models: Applications to Financial Economics

by Shigeyuki Hamori and R. Bhar

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas of social science research as well. The main aim of Hidden Markov Models: Applications to Financial Economics is to make such techniques available...

• Format: Hardcover
• Language: English
• ISBN: 1402078994
• ISBN13: 9781402078996
• Release Date: July 2004
• Publisher: Springer
• Length: 155 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.6" x 6.3" x 9.8"