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Python for Finance

You're reading from   Python for Finance If your interest is finance and trading, then using Python to build a financial calculator makes absolute sense. As does this book which is a hands-on guide covering everything from option theory to time series.

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Product type Paperback
Published in Apr 2014
Publisher
ISBN-13 9781783284375
Length 408 pages
Edition 1st Edition
Languages
Tools
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Author (1):
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Yuxing Yan Yuxing Yan
Author Profile Icon Yuxing Yan
Yuxing Yan
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Table of Contents (20) Chapters Close

Python for Finance
Credits
About the Author
Acknowledgments
About the Reviewers
www.PacktPub.com
Preface
Introduction and Installation of Python FREE CHAPTER Using Python as an Ordinary Calculator Using Python as a Financial Calculator 13 Lines of Python to Price a Call Option Introduction to Modules Introduction to NumPy and SciPy Visual Finance via Matplotlib Statistical Analysis of Time Series The Black-Scholes-Merton Option Model Python Loops and Implied Volatility Monte Carlo Simulation and Options Volatility Measures and GARCH Index

Module dependency


At the very beginning of this book, we argue that one of the advantages of using Python is that it is a rich source of hundreds of special packages called modules. To avoid duplicated efforts and to save time in developing new modules, later modules choose to use functions developed on early modules; that is, they depend on early modules.

The advantage is obvious because developers could save lots of time and effort when building and testing a new module. However, one disadvantage is that installation becomes difficult.

There are two competing approaches. The first approach is to bundle everything together and make sure that all parts play together nicely, thus avoiding the pain of installing n packages independently. This is wonderful assuming that it works. A potential issue is that the updating of individual modules might not be reflected in the super package. The second approach is to use minimal dependencies. It causes fewer headaches for the package maintainer, but...

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