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Research and Markets: Mathematics and Statistics for Financial Risk ManagementJun 27, 2012 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/8x5vsx/mathematics_and_st) has announced the addition of John Wiley and Sons Ltd's new book "Mathematics and Statistics for Financial Risk Management" to their offering. 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. Key Topics Covered: Chapter 1 Some Basic Math Chapter 2 Probabilities Chapter 3 Basic Statistics Chapter 4 Distributions Chapter 5 Hypothesis Testing & Confidence Intervals Chapter 6 Matrix Algebra Chapter 7 Vector Spaces Chapter 8 Linear Regression Analysis Chapter 9 Time Series Models Chapter 10 Decay Factors For more information visit http://www.researchandmarkets.com/research/8x5vsx/mathematics_and_st Source: John Wiley and Sons Ltd CONTACT: Research and Markets, Laura Wood, Senior Manager. [email protected] Fax from USA: 646-607-1907 Fax from rest of the world: 353-1-481-1716 Sector: Banking and Financial Services (http://www.researchandmarkets.com/categories.asp?cat_id=10&campaign_id=8x5vsx) ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. |