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MATHEMATICS AND STATISTICS FOR FINANCIAL RISK MANAGEMENT

A practical guide to modern financial risk management for both practitioners and academics

The recent financial crisis and its impact on the broader economy underscore the importance of financial risk management in today's world. At the same time, financial products and investment strategies are becoming increasingly complex. Today, it is more important than ever that risk managers possess a sound understanding of mathematics and statistics.

In a concise and easy-to-read style, each chapter of this book introduces a different topic in mathematics or statistics. As different techniques are introduced, sample problems and application sections demonstrate how these techniques can be applied to actual risk management problems. Exercises at the end of each chapter and the accompanying solutions at the end of the book allow readers to practice the techniques they are learning and monitor their progress. A companion website includes interactive Excel spreadsheet examples and templates.

Covers basic statistical concepts from volatility and Bayes' Law to regression analysis and hypothesis testing
Introduces risk models, including Value-at-Risk, factor analysis, Monte Carlo simulations, and stress testing
Explains time series analysis, including interest rate, GARCH, and jump-diffusion models
Explores bond pricing, portfolio credit risk, optimal hedging, and many other financial risk topics

If you're looking for a book that will help you understand the mathematics and statistics of financial risk management, look no further.

Availability
10000721332.01 MILL mRLC MM (Rak Buku Umum)Available
Detail Information
Series Title
-
Statement of Responsibility
Call Number
332.01 MILL m
Publisher
New Jersey : John Wiley & Sons.,
Collation
xi, 291 p. : ill ; 23cm.
Language
English
ISBN/ISSN
978-1-118-17062-5
Classification
332.01
Content Type
-
Edition
-
Subject(s)
Buku Umum
Statistics
Financial Risk Management
Mathematics
Specific Detail Info
-
Other version/related

No other version available

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