Reinsel This new edition, featuring meticulous modifications in content and improvements in style, explores the building of stochastic statistical models for time series and their use in important areas of application—forecasting, model specification, estimation, modeling the effects of intervention events, and process control, among others. Addressing the highly competitive and risky environments of current-day financial and sports gambling markets, this book details the dynamic process of constructing effective forecasting rules based on both graphical patterns and adaptive drift modeling ADM of cointegrated time series.
The book uniquely identifies periods of inefficiency that these markets oscillate through and develops profitable forecasting models that capitalize on irrational behavior exhibited during these periods. Stuart A. Klugman, Drake Univ. Panjer, Gordon E. Willmot, both of Univ. This book acts as a gentle introduction to quantitative methods for the conscious manager, emphasizing not only the role of data in making better decisions, but also the pitfalls of relying too heavily on software packages to implement standard statistical procedures.
Aids readers in decision making by providing critical remarks, counterexamples, and intuitive traps, etc. The exceptional high standard of this book has made it a pleasure to read and review. Covering the content required by the Society of Actuaries, the Casualty Actuarial Society, and the Canadian Institute for Actuaries for successful completion of Exam C, this book contains all the material on classical areas of risk theory, loss distributions, and survival models that both aspiring and practicing actuaries need to understand, whether in or out of a traditional classroom setting.
Gregory S. Parnell, Patrick J. Driscoll, Dale L. Henderson, Editors Decision Making in Systems Engineering and Management is a comprehensive book that provides a logical process and analytical techniques for fact-based decision making for the most challenging systems problems. Grounded in systems thinking and based on sound systems engineering principles, the systems decisions process SDP leverage multiple objective decision analysis, multiple attribute value theory, and value-focused thinking to define the problem, measure stakeholder value, design creative solutions, explore the decision trade off space in the presence of uncertainty, and structure successful solution implementation.
H U B B A R D It is a must read for anyone concerned about mitigating the risks involved with capital planning, investment decisions, and program management. This book serves as a comprehensive source of asymptotic results for econometric models with deterministic exogenous regressors.
Such regressors include linear trends, seasonally oscillating functions, and slowly varying functions including logarithmic trends, as well as some specifications of spatial matrices in the theory of spatial models. Additional topical coverage includes an introduction to operators, probabilities, and linear models; Lp-approximable sequences of vectors; regressions with slowly varying regressors; spatial models; convergence; and nonlinear models. Svetlozar T. Rachev, Univ.
Stoyanov, FinAnalytica; Frank J. Fabozzi, Yale Univ. It is a useful reference dealing with cross sectional data analysis. The strength of the book lies in its wealth of material and well structured guidelines.
The book helps to answer the question: which risk measure is best for a given problem? Applications include: optimal portfolio choice, risk theory, and numerical methods in finance. This book offers an easily accessible, practical approach to the analysis of cross section and experimental data using the versatile Windowsbased computer software program, EViews. With a wealth of examples and an emphasis on defining and testing statistical hypotheses, Cross Section and Experimental Data Analysis Using EViews is an essential resource for solving real-life problems.
Griffiths, Univ. Carter Hill, Univ. Essentials of Risk Management in Finance covers financial risk management in its major enterprise and systemic components: credit, portfolio, market, operational, legal, liquidity, solvency, and reputational, along with the relationship between corporate governance, executive compensation, and risk management.
This fifth edition of the highly successful Cluster Analysis includes coverage of to demonstrate the application of the theory, and figures are used extensively to. View Table of Contents for Cluster Analysis. Cluster Analysis, 5th Edition. Author( s): Book Series:Wiley Series in Probability and Statistics.
Safeguard your operation before disaster strikes. Let Essentials of Risk Management in Finance show you how to steer clear of the many pitfalls of reckless risk management. She has taught finance at both the graduate and undergraduate levels at several Chicago universities, including Northern Illinois University. Her multifaceted industry experience includes corporate development, operational finance, market research, and commodities trading research.
Essentials of Risk Management in Finance provides a concise and easy-tofollow introduction to financial risk management. Carter Hill, Louisiana State Univ. Griffiths, Guay C. Lim, both of Univ.
Designed to arm finance professionals with an understanding of why econometrics is necessary, this book also provides them with a working knowledge of basic econometric tools. New discussions are presented, along with numerous new end-of-chapter problems to help finance professionals apply basic econometric tools to modeling, estimation, inference, and forecasting through real world problems.
It covers financial risk management in its major enterprise and systemic components: credit, portfolio, market, legal, liquidity, solvency, and reputational, along with the relationship between corporate governance, executive compensation, and risk management. Understand the major categories of risk that all organizations face and how they impact one another Utilize the latest risk management tools and technologies for making informed business decisions.
Learn how to apply practical, cutting-edge risk strategies that work across industries and across national borders Understand why most anti-fraud and corruption programs fail and how you can succeed Explore commonly used risk approaches in the banking, insurance, and brokerage industries. Stefano M. Iacus, Univ. At the same time, the other goal of the book is to identify, estimate, and justify the choice of particular financial models starting from real financial data.
Using readily accessible mathematical methods as tools for understanding, this concise book puts the focus on financial problem solving.
Selected formulae are used to illustrate and clarify the underlying logic of problem solving and to provide readers with additional opportunities to enhance their understanding of financial problems. Emphasis is placed on the practicality of mathematics and not on the various kinds of technology that are available to bypass computation. Ruey S. Tsay, Univ. Numerous interesting examples assist readers with understanding analysis and application of univariate financial time series; return series of multiple assets; and Bayesian inference in finance methods.
The latest developments in financial econometrics are explored in depth, such as realized volatility, volatility with skew innovations, conditional value at risk, statistical arbitrage, and more. Elie Ayache In this revolutionary book, Elie redefines the components of the technology needed to price and trade derivatives; it will change the way that we think about derivatives and approach the market. If anything, derivatives should be renamed contingent claims, where contingency is now absolute and no longer derivative, and the market is just its medium.
The book also establishes the missing link between quantitative modeling and the reality of the market. Rama Cont, Science and Finance Inc. Mille bravos! The Encyclopedia is a comprehensive coverage of essential topics related to the quantitative modeling of financial markets, with authoritative contributions from leading academics and professionals. Drawing on contributions from a wide spectrum of experts in various fields, the Encyclopedia reflects the multidisciplinary nature of its subject. Frederi G. Viens, Purdue Univ. Mariani, Univ. By using examples derived from consulting projects, current research, and course instruction, each chapter offers practitioners a systematic understanding of the recent advances in high-frequency modeling related to real-world situations.
Paul P. Combining theoretical, methodological, and practical aspects, Latent Class Analysis of Survey Error successfully guides readers through the accurate interpretation of survey results for quality evaluation and improvement.
This book is a comprehensive resource on the key statistical tools and techniques employed during the modeling and estimation of classification errors, featuring a special focus on both latent class analysis LCA techniques and models for categorical data from complex sample surveys. Sue C.