The tool of Approximations methods in Quantitative Finance
Explain the tool of Approximations methods in Quantitative Finance.
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Approximations: In modelling we intend to come up with a solution representing something useful and meaningful, as an option price. But for the model is really simple, we may not be capable to solve it simply. It is where approximations come in. A complex model may have approximate solutions. These approximate solutions might be good adequate for our purposes.
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hi the link is https://myelearning.cavehill.uwi.edu/login/index.php login: 411002468 pass- ls@2014 go into financial management 2 course, the quiz will be from week 1-5 lecture
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