design of experiments

[vkaul]

IS Statistical Design of Experiments covering full and fractional factoral designs at two and three levels, orthogonal arrays, response surface methodology, robust parameter design for production/process improvements of any use in quantitative finance?

Is it worth investing time learning these tools if you want to be a quant.

 

[IlyaKEightSix]

Design of experiments:

The whole discipline assumes you can control your factors. Furthermore, it assumes that the same input will produce relatively the same output.

Both of these are blatantly false in the financial markets.

 

[vkaul]

Are AIC,BIC model selection criterion used in finance too?