Mathematics and Statistics for Financial Risk Management by Michael B. Miller
Look inside with Google Book Preview
Mathematics and Statistics for Financial Risk Management
By Michael B. Miller

Mathematics and Statistics for Financial Risk Management

Assessing the Math in Risk Management

By (author) See other recent books by Michael B. Miller
Format: Hardback

Checking availability...



Mathematics and Statistics for Financial Risk Management by Michael B. Miller

Book Description

Mathematics and Statistics for Financial Risk Management is 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. This comprehensive resource covers basic statistical concepts from volatility and Bayes' Law to regression analysis and hypothesis testing. Widely used risk models, including Value-at-Risk, factor analysis, Monte Carlo simulations, and stress testing are also explored. A chapter on time series analysis introduces interest rate modeling, GARCH, and jump-diffusion models. Bond pricing, portfolio credit risk, optimal hedging, and many other financial risk topics are covered as well. If you're looking for a book that will help you understand the mathematics and statistics of financial risk management, look no further.

Buy Mathematics and Statistics for Financial Risk Management book by Michael B. Miller from Australia's Online Bookstore, Boomerang Books.


Book Details

ISBN: 9781118170625
ISBN-10: 1118170628
Classification: Finance , Economic statistics
Format: Hardback (230mm x 161mm x 28mm)
Pages: 304
Imprint: John Wiley & Sons Inc
Publisher: John Wiley & Sons Inc
Publish Date: 9-Mar-2012
Country of Publication: United States

Other Editions...


You might also like...

Turning Numbers into Knowledge by Jonathan G. Koomey Turning Numbers into Knowledge by Jonathan G. Koomey

With tools, tricks, and tips for solving problems in the real world, this book serves as a training manual for those who are new to or intimidated by quantitative analysis and acts as an refresher for those who have more experience but want to improve the quality of their data, the clarity of their graphics, and the cogency of their arguments.

Schaum's Outline of Statistics and Econometrics by Dominick Salvatore Schaum's Outline of Statistics and Econometrics by Dominick Salvatore

Schaum's Outlines present all the essential course information in an easy-to-follow, topic-by-topic format. You also get hundreds of examples, solved problems, and practice exercises to test your skills.

Models for Repeated Measurements by J. K. Lindsey Models for Repeated Measurements by J. K. Lindsey

This text presents the general context of repeated measurements, a large number of concrete examples, including data tables to illustrate the models available, and provides an updated bibliography of the repeated measurements literature.

State of Working America by Lawrence Mishel State of Working America by Lawrence Mishel

"The State of Working America remains unrivaled as the most-trusted source for a comprehensive understanding of how working Americans and their families are faring in today's economy."-Robert B. Reich

» View more books like these...

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Mathematics and Statistics for Financial Risk Management book by Michael B. Miller and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review


Author Biography - Michael B. Miller

Michael B. Miller studied economics at the American University of Paris and the University of Oxford before starting a career in finance. He has worked in risk management for more than ten years, most recently as the chief risk officer for a hedge fund in New York City.

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Michael B. Miller close
»
BoomerangBooks.com.au close