Data science

Kelly Can’t Fail

December 19, 2024 | John Mount

Introduction You may have heard of the Kelly bet allocation strategy. It is a system for correctly exploiting information or bias in a gambling situation. It is also known as a maximally aggressive or high variance strategy, in that betting more than the Kelly selection can be quite ruinous. I […] [...Read more...]

Day 30: Summing up

December 12, 2024 | OSM

On Day 29, we conducted our out-of-sample test on the four strategies and found that the adjusted strategy came out on top. We made this conclusion after ranking a cross section of the following metrics: cumulative return, Sharpe Ratio, and max draw...
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Python in Excel: Why use Python for data visualization?

December 10, 2024 | George Mount

Excel has for decades been a mainstay for business and data professionals, providing a familiar environment for organizing, analyzing, and visualizing data. Its built-in charts and graphs offer a quick, accessible solution for conveying insights. In many cases, these standard visuals are still perfectly adequate: if all you need is ... [...Read more...]

Optimisation with Pyomo

December 10, 2024 | Python - datawookie

Pyomo is another flexible Open Source optimisation modelling language for Python. It can be used to define, solve, and analyse a wide range of optimisation problems, including Linear Programming (LP) and Mixed-Integer Programming (MIP), nonlinear programming (NLP), and differential equations. 📢 The book Hands-On Mathematical Optimization with Python (available free online) ...
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Python in Excel: How to understand the plotnine package

December 9, 2024 | George Mount

Python in Excel offers powerful tools for creating impactful visualizations, and one standout option is the plotnine package. In this post, we’ll delve into the origins and philosophy of plotnine, explore its core building blocks, and demonstrate some easy and impressive visualizations you can create—perfect for Excel users ...
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