Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.

Abstract: The generalized polynomial chaos (gPC) method recently advocated in the literature, exhibits impressive efficiency and accuracy in probabilistic power flow (PPF) calculations of small-scale ...

Abstract: An efficient solver based on volume-surface integral equation is proposed for the electromagnetic (EM) scattering of inhomogeneous medium targets with uncertain geometrical shapes and ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...