This book covers all the topics found in introductory descriptive statistics courses, including simple linear regression and time series analysis, the fundamentals of inferential statistics (probability theory, random sampling and estimation theory), and inferential statistics itself (confidence intervals, testing). Each chapter starts with the necessary theoretical background, which is foll…
Now in its fifth edition, this book offers a detailed yet concise introduction to the growing field of statistical applications in finance. The reader will learn the basic methods for evaluating option contracts, analyzing financial time series, selecting portfolios and managing risks based on realistic assumptions about market behavior. The focus is both on the fundamentals of mathematical fin…
The Global Financial Crisis (2007–2009) and the following European Sovereign Debt Crisis (2009–) have caused tremendous changes in the business, economy and governance. The spillover effect and globalization of the crisis affected millions and stated a genuine challenge for modern societies. Thus it was a task of extreme importance for us to revise our book and present actualized resear…