Essentially, you need the following:
E(N) = P(N < E(N - 1)) * E(N - 1) + (P(N > E(N - 1)) * (0.5 * floor(E(N - 1), integer) + 3.5))
P(N < E(N - 1)) * E(N - 1)
This part means that if you roll less than the value of one less roll, you will roll again.
(P(N > E(N - 1)) * (0.5 * floor(E(N -...
Think of interest rates as the price of cash. When they are low, cash is cheap; you need more cash to buy things. When you raise rates, cash is more expensive; you need less cash to buy things.
Here is a program I just wrote for Matlab to do this. I am JUST getting started Matlab, so I'm sure there are many ways to tighten up my code, but here it is.
clear
rolls = 4; % mutable
sides = 9; % mutable
sideposs = 1:sides;
middle = mean(sideposs);
expe(1) = middle;
for i = 2:rolls
for j =...
This was across all their positions. They couldn't just set a global stop loss. Also, if the limits on the stop losses were getting blown through, they would keep missing the trade. Many of them also probably felt that they were losing because others were getting squeezed and being forced to...
So far, I have enjoyed the program. The Statistics class is a little much and gets some complaints, but I think they are just packing way too much into one quarter. There is definitely a much greater effort being made in the way of career services; this had been a big complaint.
I'll answer this way...
The math you'll need is not super difficult...if you had some calculus and linear algebra in undergrad, you'll be fine.
For that reason, you don't really NEED a prep course for Chicago's MSFM. However, as I mentioned, if you enroll in the prep course, you will almost...
As a participant in the Chicago prep course and a current MSFM student there, trust me on this...the Chicago prep course is a bribe to get into the program. Everyone who enrolls gets in. You will not learn anything useful.
Edit: I'd like to stress that if you don't intend on applying to...
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