Preface xv
as offtheshelf software. Most technical tasks, from optimization to the
estima tion of regression and autoregressive models, are performed are per
formed by econometric software. Using these software tools has become
common practice among those who develop financial applications. For this
reason we do spend much time discussing computational issues. These are
highly technical subjects that are handled by specialists. The general user
and/or developer of econometric applications do not spend time in rewriting
appli cations that are commercially available. For this reason we focus on
the process of designing financial econometric models and we do not handle
the computational aspects behind basic techniques.
Frank J. Fabozzi
Sergio M. Focardi
Svetlozar T. Rachev
Bala G. Arshanapalli