<t>This book is too much of an overview to learn any real stuff.The reviews on Amazon are not too good either.I always see if there are reviews on Amazon before I buy a book.And I read the none 5 star rated reviews.I feel many reivews with 5 stars that mentions the author by name several timesand po...

Thanks, that is the info I wanted.On CMU's homepage for MS Computational Finance they still have only alink to 2002 job placements, they don't have the 2003 link you provided.

Actually, like most universities in the US, CMU 2003 graduation wasin the Spring ( April 30) not December.

<t>I guess CMU is not showing jobs placement for 2003 because their job placement is way down from 2002. CMU job placement stats for MSCFThis seems to be an indication that jobs are still very tuff to find in quant finance.Anyone out there from CMU that will comment on job placement for 2003?thanks ...

No, I'm just confused what your confusion is about.In my hypothetical example I just mention a model that forecasts what the spot yield curve will be in the future, what are you confused about?

<t>--------------------------------------------------------------------------------------------------------------------------------------------Why do past historical yield curves matter? Your model has to be calibrated to produce the current yield curve and the prices of other non-linear instruments...

<t>OK, this is what I think I understand from the replies:If I create an interest rate model that takes several parameters and I test the model with back data,but my predicted yield curves are always 50% higher then the actual historical yeild curves.So, then say I CALIBRATE my model by dividing all...

<t>Would this be an example of Calibration? : If I create an interest rate model that takes several parameters and I test the model with back data,but my predicted yield curves are always 50% higher then the actual historical yeild curves.So, then say I CALIBRATE my model by dividing all the input p...

I still don't really know what a parametric and none parametric equation are.Can one of you, please give a more simple example of aparametric anda none parametric, as simple simple as possible.Thanks.

<t>One has to do more then fixed income analytics and stats on the CFA. One should pass the 3 exams then one would betterknow what one was talking about.There are plenty of tuff questions on the CFA ( 3 levels).So, I don't know what a typical CFA quesiton is.You can download the 3 levels of past CFA...

<t>Wimott's CQF looks like a cool program and in additon to Paul Wilmott,it has some leading instructorsBut the CQF looks like it covers the minimal amount of math and moves ontoto cover a lot of financial products, like most of the Fixed Income Models,Equity and FI portfolios, Credit Derivatives et...

<t>Implementing Derivative Models by Les Clewlow How realistic is this book?Is the pseudo code easily translated into C++?What level of math is needed : PDE's , SDE's , Numerical Methods...?How does "Implementing Derivative Models" compare to"The Complete Guide to Option Pricing Formulas" by Espen G...

What percent of C++ quant programming jobs (pricing/modeling) are there using PCs (Visual C++) vs. using UNIX?Will C++ on PC's (Windows) replace C++ done on Sun Solaris anytime soon?And how popular is C++ on LINUX ?How important is multi-thread programming for quant programming?

<t>OK, but why do you recommend Shaw' Book?What's good and why.What's bad and why.As the the reply just before yours asks of the recomender of Srdjan Stojanovic book:Can you tell us a bit more about the prerequisites, the level of presentation, overlap with other books, how self-contained, is the ma...

Computational Financial Mathematics using Mathematicaby Srdjan Stojanovic Hardcover: 520 pagesPublisher: Birkhauser BostonBook and CD-ROM edition (October 4, 2002) ISBN: 0817641971 Is this book of useful for an "intermediate" student of Computational Finance?