Stochastic Liability Modelling

Overview

This course is designed for users who are already experienced in using Prophet to model liabilities, but who wish to start making use of Prophet’s stochastic facilities. Throughout the day the course uses simple, worked examples to guide delegates through the main features of the system. The course also gives in-depth coverage of the Stochastic Generator & Analyser (SGA) and the economic models it includes. The characteristics of the different models are compared through practical examples.

Please note: This course takes delegates through the practical application of modelling liabilities stochastically. It does not cover Asset and Global Strategy products.

Objective

By the end of the course delegates will be able to confidently set up and run liabilities to perform simple stochastic modelling studies. They should also be aware of the alternative approaches to this type of work and the benefits of each.

Pre-requisites

Delegates must:

• have attended the Next Steps or Advanced Coding in Prophet course (or have equivalent knowledge).
• be able to use Prophet Release 7.2 or later effectively.

Duration

1 day

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