Forecasting in Financial and Sports Gambling Markets (PDF)

A guide to modeling analyses for financial and sports gambling
markets, with a focus on major current events



Addressing the highly competitive and risky environments of
current-day financial and sports gambling markets, Forecasting in
Financial and Sports Gambling Markets details the dynamic process
of constructing effective forecasting rules based on both graphical
patterns and adaptive drift modeling (ADM) of cointegrated time
series. The book uniquely identifies periods of inefficiency that
these markets oscillate through and develops profitable forecasting
models that capitalize on irrational behavior exhibited during
these periods.

Providing valuable insights based on the author's firsthand
experience, this book utilizes simple, yet unique, candlestick
charts to identify optimal time periods in financial markets and
optimal games in sports gambling markets for which forecasting
models are likely to provide profitable trading and wagering
outcomes. Featuring detailed examples that utilize actual data, the
book addresses various topics that promote financial and
mathematical literacy, including:

* Higher order ARMA processes in financial markets

* The effects of gambling shocks in sports gambling markets

* Cointegrated time series with model drift

* Modeling volatility

Throughout the book, interesting real-world applications are
presented, and numerous graphical procedures illustrate favorable
trading and betting opportunities, which are accompanied by
mathematical developments in adaptive model forecasting and risk
assessment. A related web site features updated reviews in sports
and financial forecasting and various links on the topic.

Forecasting in Financial and Sports Gambling Markets is an
excellent book for courses on financial economics and time series
analysis at the upper-undergraduate and graduate levels. The book
is also a valuable reference for researchers and practitioners
working in the areas of retail markets, quant funds, hedge funds,
and time series. Also, anyone with a general interest in learning
about how to profit from the financial and sports gambling markets
will find this book to be a valuable resource.