Data Science Central (DSC) is excited to announce our competition to solve a new, interesting problem in statistical science, pertaining to stochastic processes. DSC members are invited and encouraged, to submit a theoretical solution or an application to real life problems, including but not limited to fintech, operations research, statistical science, computer science, economics, engineering, social, actuarial, biological or physical sciences.
The statistical process central to this competition is described in the original article, and participation is extended also to college students with an analytical background. This competition will give the participant an opportunity to understand and play with advanced concepts traditionally used by Wall Street gurus, and usually only accessible to a handful of Data Science ?elite.? We have been very thoughtful in our approach in making all necessary material accessible to our large ever expanding global community, eliminating jargon and arcane theories, while maintaining our very high standards.
While there are potentially several approaches that can be employed in this competition -- one example being a machine learning framework leading to interesting results and/or applications, based on open data -- the door is open for creativity and sound Data Science applications to be explored. Now the fun part, the winner of this contest will win $2,000!