Statistics in Finance


'Statistics in Finance' ed. David J. Hand and Saul D. Jacka. Published by Edward Arnold, London, 1998. ISBN 0-340-67719-8 (America 0-471-24634-4)
The chapters in this book describe various aspects of the application of statistical methods in finance. The aims are to interest and attract statisticians to this area, to illustrate some of the many ways in which statistical tools are used in financial applications, and to give some indication of the problems which are still outstanding. The hope is that statisticians will be stimulated to learn more about the kinds of models and techniques outlined in this book - both the domain of finance and the science of statistics would benefit from increased awareness by statisticians of the problems, models, and techniques utilised in financial applications. The level of technical detail varies between the chapters. Some present broad non-technical overviews of an area, while others describe the mathematical niceties. The editors hope that this will illustrate the range of possibilities available in the area for statisticians, while simultaneously giving a flavour of the different kinds of mathematical and statistical skills required.

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