What are Pros and cons of different methods?
Answer:
Table illustrates the Pros and cons of different methods.
|
Subject
|
FD
|
MC
|
Quad.
|
|
Low dimensions
|
Good
|
Inefficient
|
Good
|
|
High dimensions
|
Slow
|
Excellent
|
Good
|
|
Path dependent
|
Depends
|
Excellent
|
Not good
|
|
Greeks
|
Excellent
|
Not good
|
Excellent
|
|
Portfolio
|
Inefficient
|
Very good
|
Very good
|
|
Decisions
|
Excellent
|
Poor
|
Very poor
|
|
Non-linear
|
Excellent
|
Poor
|
Very poor
|