This is a summary of links featured on Quantocracy on Thursday, 07/04/2019. To see our most recent links, visit the Quant Mashup. Read on readers!
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Flexible Returns Distribution- Part I (Generalized Lambda Distribution) [Asm Quant]It is commonly known that financial returns exhibit characteristics that are not captured by the widely applied normal and log-normal distributions. In a series of posts I want to present some flexible distributions that are well suited to model financial returns. We will work our way through quick modelling exercises in R that show how easy it is to use these alternative distributions. To begin,