In recent years, the area of financial forecasting has attracted high interest due to the
emergence of huge data volumes (big data) and the advent of more powerful modeling …

As a response to unforeseeable market turbulence—such as the 2008 financial crisis and
the most recent market drawdown triggered by the COVID‐19 pandemic—we propose a …

How to measure investor views and apply it in multi-period investment is an important
problem in portfolio selection. This paper attempts to construct a portfolio selection model …

The Black-Litterman asset allocation model is an extended portfolio management model to
construct optimal portfolios by combining the market equilibrium with investor views into …

Abstract The Black-Litterman model is a portfolio model that considers investor views. The
purpose of this study is to develop the Black-Litterman (BL) portfolio model with views …

This paper review aims to explain how the Black-Litterman approach for portfolio
optimization works based on many references and perspectives. The explanation of the …

Bullish and bearish phenomena characterize the development of the capital market.
Therefore, this study aimed to identify and analyze bullish and bearish conditions in the …

The aim of this paper is to test the out-of-sample performance of the Black Litterman (BL)
model for a German stock portfolio compared to the traditional mean-variance optimized …

The target volatility strategy is a very popular investment concept in financial marketplace.
For my dissertation, I focus on studying the target volatility investment concept in application …

The paper presents applications of portfolio techniques including proposed modification of
the Black-Litterman approach for pension funds' performance evaluation on the Slovak …