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Recently, a body of academic literature has focused on the area of stable distributions and their application potential for improving our understanding of the risk of hedge funds. At the same time, research has sprung up that applies standard Bayesian methods to hedge fund evaluation. Little or...
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alternative for modelling financial data exhibiting skewness and fat tails. In this paper we explore the Bayesian estimation of …
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provided between frequentist and Bayesian estimation. No significant difference is found between the qualities of the forecasts …
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