Books > Business & Economics > Finance & accounting > Finance
|
Buy Now
Financial and Actuarial Statistics - An Introduction, Second Edition (Paperback, 2nd edition)
Loot Price: R1,499
Discovery Miles 14 990
|
|
Financial and Actuarial Statistics - An Introduction, Second Edition (Paperback, 2nd edition)
Expected to ship within 12 - 17 working days
|
Understand Up-to-Date Statistical Techniques for Financial and
Actuarial Applications Since the first edition was published,
statistical techniques, such as reliability measurement,
simulation, regression, and Markov chain modeling, have become more
prominent in the financial and actuarial industries. Consequently,
practitioners and students must acquire strong mathematical and
statistical backgrounds in order to have successful careers.
Financial and Actuarial Statistics: An Introduction, Second Edition
enables readers to obtain the necessary mathematical and
statistical background. It also advances the application and theory
of statistics in modern financial and actuarial modeling. Like its
predecessor, this second edition considers financial and actuarial
modeling from a statistical point of view while adding a
substantial amount of new material. New to the Second Edition
Nomenclature and notations standard to the actuarial field Excel
exercises with solutions, which demonstrate how to use Excel
functions for statistical and actuarial computations Problems
dealing with standard probability and statistics theory, along with
detailed equation links A chapter on Markov chains and actuarial
applications Expanded discussions of simulation techniques and
applications, such as investment pricing Sections on the maximum
likelihood approach to parameter estimation as well as asymptotic
applications Discussions of diagnostic procedures for nonnegative
random variables and Pareto, lognormal, Weibull, and left truncated
distributions Expanded material on surplus models and ruin
computations Discussions of nonparametric prediction intervals,
option pricing diagnostics, variance of the loss function
associated with standard actuarial models, and Gompertz and Makeham
distributions Sections on the concept of actuarial statistics for a
collection of stochastic status models The book presents a unified
approach to both financial and actuarial modeling through the use
of general status structures. The authors define future
time-dependent financial actions in terms of a status structure
that may be either deterministic or stochastic. They show how
deterministic status structures lead to classical interest and
annuity models, investment pricing models, and aggregate claim
models. They also employ stochastic status structures to develop
financial and actuarial models, such as surplus models, life
insurance, and life annuity models.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.