Evaluation of the importance of mathematical modelling in finance through a discussion of its uses and misuses

Zhazira Amirgaliyeva


Having analysed different aspects of using mathematical modelling tools in the financial sector, this article concentrates on the use and misuse of such models for influencing the forecasting and decision-making in financial institutions. Some reasons for general limitations and possible solutions to improve the usefulness of mathematical models in an application area are discussed.

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