Empirical techniques in finance

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This book provides a comprehensive study of advanced empirical techniques in finance and financial economics, making it ideal for students, academic researchers, and industry professionals. It emphasizes contemporary empirical methods for analyzing financial markets, utilizing actual market data. By focusing on implementation, the book guides readers in rigorously combining finance theory with modeling technology to enhance existing literature. Its primary goal is to equip readers with a variety of tools and techniques for exploring financial market issues from a fresh perspective, distinguishing it from typical econometrics volumes. While traditional econometric methods remain relevant, this book introduces additional modeling topics that facilitate a deeper understanding of finance theory and its practical applications. For instance, modern finance theory, particularly in derivatives analysis, necessitates a sophisticated grasp of stochastic processes. Furthermore, the analysis of actual data requires innovative statistical tools tailored to the unique characteristics of financial data. To address these evolving needs, the book presents diverse modeling approaches with a strong emphasis on their application within the finance sector.