Standard Approach to Estimating Volatility (Equation 15.1 Define on as the volatility per day between day n-1 and day n, as estimated at end of day n-1 · Define, as the value of market variable at end of day i Define ui= In(S /Si-1)
European Options on Stock 12.2 Paying Continuous Dividends We get the same probability distribution for the stock price at time T in each of the following cases 1. The stock starts at price So and provides a continuous dividend yield q 2. The stock starts at price Soe-q' and provides no dividend yield
A Simple Binomial Model of Stock Price Movements In a binomial model, the stock price at the BEGINNING of period can lead to only 2 stock prices at the END of that period
1. Single equation estimation procedures Indirect least squares(ILS)(恰好识别) Two- -stage least squares(2SLS)(过度识别) 2. System estimation procedures Three-stage- least squares(sLS)(跨方程相 关) In1962 Theil and Zellner first proposed this method. 2SLS+GLS= 3SLS (gls=generalized least squares)
一、General”(常用)选项。 二、各项说明和应用实例 1、 Lock user in home directory(将用户锁定在主目录):如果选中则只允许用户访 问“主目录”以下的文件和目录(主目录即为根目录;如果不选中,则用户可一直 访问到主目录所在盘的实际根目录(比如“d”)下一当然,可能并没有读其下其 他文件目录或写等权限,但是仍建议一般选中此项。 2、Hide 'hidden'files'(隐藏“隐含”文件):在列表时不显示属性为“隐含”的文 件
HEAT EXCHANGER NETWORK SYNTHESIS 1: TARGETING OBJECTIVES: 1 Determine the minimum energy inputs required for a process 2Determine the minimum number of heat exchangers required to transfer this energy 3Develop a methodology for determining where these heat exchangers should be placed in the process
Molecular dynamics for continuous potentials Short history: The first MD simulation for a system interacting with a continuous potential (Lennard-Jones potential) was carried out by A. Rahman in1964. A. Rahman, Phys. Rev. 136, A405, (1964). Main differences between MD with continuous poentials and