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So, remember the movie, ” The big short, where Christian Bale visits goldman sachs and tells them to create a credit default swap, to short the mortgage back securities like CDO”. So CDO full form is collateralized debt obligation, where…
Imagine you were working for a client in a country other than yours. For instance, lets say your client is in the U.S, and you are an Indian citizen. So, you are due to recieve $1000, but suddenly inflation in…
What is the Black-Scholes-Merton Model? The Black-Scholes-Merton is a pricing model for financial instruments. This model is used for the valuation of stock options. The Black-Scholes-Merton Model (BSM) is used to determine the fair prices of stock options based on…
What is Empirical Probability? Empirical Probability is also known as experimental probability. Empirical probability refers to a probability that is based on historical data. In simpler words, empirical probability illustrates the likelihood of an event occurring based on historical data.…
What is Basel III? Basel III, also known as the Third Basel Accord or Basel Standards, is a set of financial reforms that was developed by the Basel Committee on Banking Supervision (BCBS). The aim was to strengthen regulation, supervision…
Data smoothing is a statistical technique used to remove noise or random variations from a dataset in order to reveal underlying trends or patterns What is Data Smoothing? Data Smoothing is a statistical approach to eliminating noise from datasets to…