The trinity of errors in financial models: An introductory analysis using TensorFlow Probability
O'Reilly on Data
JANUARY 22, 2019
Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. Time-variant distributions for asset values and risks are the rule, not the exception. Williams, Journal of Post Keynesian Economics, Fall 2006. Thompson, L.S.
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