Modern combination forecasting and combination investment decision-making methods and applications

Author: Tang Xiaowu
Publisher:
Publish Date: 2003-01-01
Features: This book can serve as a reference for researchers and managers working in economic forecasting and investment decision-making, management, and systems engineering, as well as for university teachers. It can also be used as a graduate textbook or teaching reference. The book is a systematic integration of the author's research achievements over the years in the fields of combined forecasting and combined investment. The main contents include: an overview of commonly used forecasting techniques; the basic theory of combined forecasting, non-negative weight optimal combined forecasting theory and its applications, unbiased combined forecasting theory and its applications, combined forecasting models based on Stein rule shrinkage estimation and error correction mechanisms and their applications; theoretical research and improvement of the mean-variance model for portfolio investment, including the use of factor models for security returns and the improvement of the mean-variance model using CAPM and APT to derive factor decision models for portfolio investment and their theory; research on hedging theory, mainly involving combined hedging theory, stock portfolio hedging strategies, and interest rate hedging strategies; methods for evaluating the performance of investment funds, as well as the theory and methods of portfolio investment based on a reference portfolio; an overview of behavioral finance theory, etc.