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Activity Number: 110 - Data in the 21st Century: Corporate and Non-Profit Decision Making in the Digital Age
Type: Invited
Date/Time: Monday, July 29, 2019 : 8:30 AM to 10:20 AM
Sponsor: Business Analytics/Statistics Education Interest Group
Abstract #300286 Presentation
Title: 21st Century Equity Markets: Evaluating, Assimilating, and Inte- Grating Information in Real-Time
Author(s): Michael William Kotarinos*
Companies: University of South Florida & Solarbeam Capital LLC
Keywords: Stochastic Models; Quantitative Finance; Asset Selection; Automated Trading; Issues in Big Datasets

Since the advent of electronic trading the ways firms evaluate, integrate, and interpret information has radically changed. Investors may have always relied on new housing data, employment reports and federal reserve guidance but the voracity and depth of information processing has seen incredible development. Global markets mean that there are numerous new indicators coming out on a round the clock cycle, and the sheer volume of information can be overwhelming. How does one develop, validate, and apply a statistical model when by the time the modeling process has been completed new information has arrived that has rendered the analysis outdated?

Rather than rely on purely qualitative or purely quantitative methods, most analysts employ both to some degree. Traditional statistical techniques such as Bayesian methods to incorporate these ideas are often slow, sensitive, and difficult to estimate. To make decisions, one must combine knowledge of statistics with knowledge about the nature of a given market to make instantaneous, real-time decisions.

Authors who are presenting talks have a * after their name.

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