Financial and Actuarial Statistics: An Introduction, Second Edition Contributor(s): Borowiak, Dale S. (Author), Shapiro, Arnold F. (Author) |
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ISBN: 1420085808 ISBN-13: 9781420085808 Publisher: CRC Press OUR PRICE: $133.00 Product Type: Hardcover - Other Formats Published: October 2014 |
Additional Information |
BISAC Categories: - Mathematics | Probability & Statistics - General - Business & Economics | Finance - General |
Dewey: 332 |
LCCN: 2013037012 |
Series: Statistics: A Series of Textbooks and Monographs |
Physical Information: 1" H x 6.2" W x 9.3" (1.60 lbs) 432 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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
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. |