Finance has become increasingly more quantitative, drawing on
techniques in probability and statistics that many finance
practitioners have not had exposure to before. In order to keep up,
you need a firm understanding of this discipline.
Probability and Statistics for Finance addresses this issue by
showing you how to apply quantitative methods to portfolios, and in
all matter of your practices, in a clear, concise manner. Informative
and accessible, this guide starts off with the basics and builds to an
intermediate level of mastery.
⠢   Outlines an array of
topics in probability and statistics and how to apply them in the
world of finance
⠢   Includes detailed discussions of
descriptive statistics, basic probability theory, inductive
statistics, and multivariate analysis
⠢   Offers real-world
illustrations of the issues addressed throughout the text
The
authors cover a wide range of topics in this book, which can be used
by all finance professionals as well as students aspiring to enter the
field of finance.
SVETLOZAR T. RACHEV, PhD, DSC, is Chair Professor at the
University of Karlsruhe in the School of Economics and Business
Engineering, and Professor Emeritus at the University of California,
Santa Barbara, in the Department of Statistics and Applied
Probability. He was cofounder of Bravo Risk Management Group, acquired
by FinAnalytica, where he currently serves as Chief Scientist.
MARKUS HÃ-CHSTÃ-TTER, PhD, is an Assistant Professor in the
Department of Econometrics and Statistics, University of Karlsruhe.
FRANK J. FABOZZI, PhD, CFA, CPA, is Professor in the Practice of
Finance and Becton Fellow at the Yale School of Management and Editor
of the Journal of Portfolio Management. He is an Affiliated Professor
at the University of Karlsruhe's Institute of Statistics, Econometrics
and Mathematical Finance, and is on the Advisory Council for the
Department of Operations Research and Financial Engineering at
Princeton University.
SERGIO M. FOCARDI, PhD, is a Professor of Finance at EDHEC Business
School and founding partner of the Paris-based consulting firm
Intertek Group plc.
