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Certificate of Completion
THIS ACKNOWLEDGES THAT
HAS COMPLETED THE FALL 2025 QUANT FINANCE BOOT CAMP
Chidubem Umeh
Roman Holowinsky, PhD
NOVEMBER 13, 2025
DIRECTOR
DATE

TEAM
Implied Volatility vs. Realized Volatility for an Africa-Exposure ETF
Chidubem Umeh

As a Nigerian-American, I have a personal interest in understanding African financial markets—particularly those in West Africa, where local economic factors often differ significantly from continental trends.
This project will focus on volatility modeling and forecasting using real market data. The “West Africa Regime” component refers specifically to periods of heightened Nigerian Naira (NGN) volatility, which can be used as a proxy for broader West African macroeconomic uncertainty.
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