Wavelet Applications in Economics & Finance

Using R studio & Matlab


2-Day Workshop


Trip Inn hotel

Frankfurt, Germany


4-5 September 2019

*Extended Registration deadline: 29.07.2019

*Registration fee: 430€ (Incl. MwSt)


Place                                                             Dates                                     Price & Registration deadline            


 New Delhi, India                                              29-30 Nov. 2019                     11850 Indian Rupee, 26 Aug. 2019         

 Hotel Swati Deluxe, New Elhi

 


                                                                                                                                                            Rates include hot snacks, coffee and tea




 Istanbul, Turkey                                                24-25 Jan. 2020                       2090 Turkish Lera, 30 Sep. 2019    Movenpick, Levent         







 Beijing, China                                                    07-08 Mar. 2020                       2110 Chinese Yuan , 15 Dec. 2019    

 The workshop venue will be upated soon         

Max capacity 35 (First served basis)

Max capacity 25 (First served basis)

Max capacity 18 (First served basis)

M&S Research Hub organizes a 2-day workshop about Wavelet analysis for bankers, financial analysts, brokers, junior and experienced researchers in the fields of Economics & Finance.


Wavelet-based analysis is a POWERFUL TOOL for


Researchers who work on high-frequency time series data and are willing to decompose this data into signals of different time scales before applying econometric techniques to analyze them.


Bankers, investors, and financial analysts who deal with timely-sensitive data and rely on forecasted stock prices to make decisions regarding buying, selling or holding the stock or to change their portfolio accordingly. 


Economists and policymakers who use forecasts of economic variables such as GDP, inflation, housing price, etc to define policy actions and draw important inferences.



About the Wavelets


Wavelet Analysis is a powerful tool for compressing, processing, and analyzing data. It can be applied to extract useful information from numerous types of data, including images and audio signals in Physics, Chemistry, and Biology, and high-frequency time series in Economics and Finance.

 

The last few decades have been an era of big data, especially for the field of Finance, as many financial variables such as stock prices now can be measured in very high frequency - on minute-basis or even second basis. Financial data sets become huge, featuring large volume as well as high variability and complexity. More than ever, this increasing sophistication calls for the need of data processing tools. 


Scholars, investors, financial analysts, and experts in the field yearn for mathematical theories and applications that can help them make sense of all the information presented in the data and use that information to improve their understanding of financial systems or just simply to take the right decisions.


This methodology studies the temporal and frequency information of time series data simultaneously. Wavelet transform utilizes local base functions that can be stretched and translated with a flexible resolution in both frequency and time.

 


These techniques are particularly useful for managing transient and non-stationary time series data and to locate discontinuities in such data. Given the highly useful implications of wavelets, over the past 20 years, applications of these methods have been rapidly adopted by researchers and industrial practitioners who deal with real-world time series data.  



Content of the workshop


This workshop provides an excellent opportunity for scholars, bankers, and industrial data practitioners to learn and enhance their knowledge about Wavelet methods using R programming and Matlab. Over two days, the workshop will cover an extended list of topics


DAY-1


1. Introduction to R-Programming Language and R-studio Interface

2. The basic concept of Wavelet and its applications

3. Decomposition and plotting of the series using the MODWT method.

4. Wavelet Correlation

5. Wavelet Covariance

6. Cross-Wavelet Correlation


DAY-2


1. Continuous Wavelet Transform

2. Cross Wavelet Transform

3. Wavelet Coherence 

4. Partial Wavelet Coherence 

5. Introduction of MATLAB 

6. Application of Continuous Wavelet Transform, Wavelet Coherence, Partial and Multiple Wavelet Coherence (Using MATLAB)    



Organization of the workshop


  • Maximum capacity of the workshop: 25 participants (First-served basis)
  • Registration fees: 430€ (Incl. Mwst)
  • Language of instruction: English
  • Certificate of enrollment
  • Early-bird registrations (until 10 June) will receive 11% discount.



The workshop will take place in the Trip Inn Hotel in Frankfurt. The workshop will start every day from 2 PM until 7 PM. 


The workshop setting is highly interactive and includes real-life data applications on R and Matlab. The workshop content is designed to meet all levels of proficiency, accordingly no prior knowledge of R, Matlab and Wavelets are needed. However, a basic knowledge of statistical and econometric methods is required. 


The exact meeting room number at the Hotel will be communicated to the participants in a short course before the workshop. 


Stay Updated

Workshop Speaker










Mr. Asrhian Sharif










With more than 280 citations, an RG score that exceeds 22, and a huge experience, Mr. Asrhian Sharif stands as one of the leading researchers in using wavelet-transform techniques in analysis and research methods. His publications' profile is multidisciplinary and involves articles at top-notch journals such as Journal of Cleaner Production 5.56, Renewable Energy 4.90, Energy Policy 4.14, Current Issues in Tourism 3.45, and Physica 2.142.


Mr. Arshian was a lecturer and a manager of the research and publications department at Iqra University, which is one of the top universities in Pakistan. Currently, he is in the final year of his Ph.D. program at Universiti Utara Malaysia



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