Explain the programme of study of numerical integration

Question

Explain the programme of study of numerical integration.

Answer 1

Now there is a programme of study for the numerical quadrature methods is as follows.

• European calls- puts and binaries are very simple upon a single equity using normal numbers. It used to be evaluating a single integral.

• European puts and binaries and calls on some underlying lognormal equities, by using normal numbers are very simple again. You will be calculating a multiple integral.

• Arbitrary European, on some underlying lognormal equities, non-path-dependent payoff using normal numbers where you’ll only have to change a particular function.

• Arbitrary European, on some underlying lognormal equities, non-path-dependent payoff, using low-discrepancy numbers: only change the source of the random numbers into the previous code.