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Financial econometrics, mathematics, statistics, and financial technology: an overall view

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  • Cheng Few Lee

    (Rutgers University)

Abstract

Based upon my experience in research, teaching, writing textbooks, and editing handbooks and journals, this review paper discusses how financial econometrics, mathematics, statistics, and financial technology can be used in research and teaching for students majoring in quantitative finance. A major portion of this paper discusses essential content of Lee and Lee (Handbook of financial econometrics, mathematics, statistics, and machine learning, World Scientific, Singapore, 2020). Then Lee (From east to west: memoirs of a finance professor on academia, practice, and policy, World Scientific, Singapore, 2017), Lee et al. (Financial econometrics, mathematics and statistics, Springer, New York, 2019a; Machine learning for predicting default of credit card holders and success of kickstarters. Working paper, 2019b), and Lee and Lee (Handbook of financial econometrics and statistics, Springer, New York, 2015) are used to enhance the content of this paper. In addition, important and relevant papers, which have been published in different journals are also used to support the issues discussed in this paper. I have found the applications of financial econometrics, mathematics, statistics, and technology have improved drastically over the last five decades. Therefore, both practitioners and academicians need to update their skills in this area to compete in both financial market and academic research.

Suggested Citation

  • Cheng Few Lee, 2020. "Financial econometrics, mathematics, statistics, and financial technology: an overall view," Review of Quantitative Finance and Accounting, Springer, vol. 54(4), pages 1529-1578, May.
    • Handle: RePEc:kap:rqfnac:v:54:y:2020:i:4:d:10.1007_s11156-020-00883-z
    DOI: 10.1007/s11156-020-00883-z
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    More about this item

    Keywords

    Financial econometrics; Financial mathematics; Financial statistics; Financial technology;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G4 - Financial Economics - - Behavioral Finance

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