Quantitative Finance
Probability and Statistics for Finance

Authors: Svetlozar T. Rachev, Markus Hoechstoetter, Frank J. Fabozzi, Sergio M. Focardi
Editions: Wiley Finance
Pages: 672 pages
Date: September 2010
A comprehensive look at how probability and statistics is applied to the investment process.

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.

The publication was co-authored by Frank J. Fabozzi and Sergio M. Focardi:

Frank J. Fabozzi, PhD, CFA, CPA, was Professor in the Practice of Finance and Becton Fellow at the Yale School of Management at the time of writing, and is 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. Frank Fabozzi is currently professor of Finance at EDHEC Business School.

Sergio M. Focardi is Professor of Finance at EDHEC Business School in Nice and a founding partner of the Paris-based consulting firm, The Intertek Group. He is also a member of the Editorial Board of the Journal of Portfolio Management. Sergio holds a degree in electronic engineering from the University of Genoa and a PhD in mathematical finance from the University of Karlsruhe as well as a postgraduate degree in communications from the Galileo Ferraris Electrotechnical Institute (Turin).

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