Wolfram U

Random Processes in Finance

Estimated Time: 25 min

Course Level: Advanced


This class covers the built-in, random processes available in the Wolfram Language. Other topics include time series processes, stochastic differential equation process, financial functions and short-interest-rate models. The class requires prior experience with the Wolfram Language and knowledge of financial processes.

Featured Products & Technologies: Wolfram Finance Platform, Wolfram Language, Wolfram Notebooks

You'll Learn To

  • Use built-in random processes
  • Make time series predictions
  • Construct and use stochastic differential equations
  • Explore discrete and continuous time series processes
  • Visualize random processes
  • Use the Ito process, geometric Brownian motion process, Merton's model, Vasicek model, Rendleman–Bartter model and Cox–Ingersoll–Ross model in financial calculations