Advances in Research and Education of Data Science and Quantitative Methods with Financial and Economic Applications
Advances in Research and Education of Data Science and Quantitative Methods with Financial and Economic Applications
Project funding, Foundation for Economic Education (2023 - 2024, 105 000 euro)
Summary of the project (project website will be opened soon)
We advance joint research, teaching and supervision activity around novel methods important in various financial and economic applications. This project is based on the co-operation between the Department of Mathematics and Statistics and the Department of Accounting and Finance at the UTU. We provide world-class research and highly recognized and diverse training of future professionals in these fields.
See the links to research groups: UTU Econometrics and UTU Finance
Applications, novelty and impact:
Improved predictive and forecasting performance for various important economic variables
Ability to examine the impact of unprecedentedly major economic shocks in exceptional macroeconomic and financial market conditions
New tools for asset pricing in the data rich world
Improved risk management
Modelling the renewable energy sector such as solar panel technology
Benefits for business and societal relevance:
With improved modelling and prediction accuracy, business managers and policy makers can make wiser and better-timed decisions.
We strongly emphasize our advances in education to train new methodologically interconnected skillful professionals to the business sector.
We continue to develop a collaborative network with relevant companies in the financial and insurance sector to proactively address the needs of the industry. Veritas and Ilmarinen are our partners around this project.
Project team and collaborators:
Principal investigators: Henri Nyberg (corresponding PI), Luis Alvarez Esteban and Jukka Lempa
PhD students:
Visa Kuntze (statistics/econometrics, macroeconometrics)
Valtteri Peltonen (finance/quantitative methods)
Roope Rihtamo (statistics/econometrics, financial econometrics)
Wiljami Sillanpää (applied mathematics)
Harto Saarinen (applied mathematics)
Research assistants (econometrics group):
Emil Lehti (statistics/econometrics, financial econometrics)
Samuel Rauhala (statistics/econometrics, macroeconometrics)
Various domestic and foreign collaborators