1st Edition
by Sergio M. Focardi (Author), Frank J. Fabozzi (Author), Turan G. Bali (Author)
The mathematical and statistical tools needed in the rapidly growing quantitative finance field
With the rapid growth in quantitative finance, practitioners must achieve a high level of proficiency in math and statistics. Mathematical Methods and Statistical Tools for Finance,
part of the Frank J. Fabozzi Series, has been created with this in
mind. Designed to provide the tools needed to apply finance theory to
real world financial markets, this book offers a wealth of insights and
guidance in practical applications.
It contains applications that
are broader in scope from what is covered in a typical book on
mathematical techniques. Most books focus almost exclusively on
derivatives pricing, the applications in this book cover not only
derivatives and asset pricing but also risk management—including credit
risk management—and portfolio management.
- Includes an overview of the essential math and statistical skills required to succeed in quantitative finance
- Offers
the basic mathematical concepts that apply to the field of quantitative
finance, from sets and distances to functions and variables
- The book also includes information on calculus, matrix algebra, differential equations, stochastic integrals, and much more
- Written by Sergio Focardi, one of the world's leading authors in high-level finance
Drawing
on the author's perspectives as a practitioner and academic, each
chapter of this book offers a solid foundation in the mathematical tools
and techniques need to succeed in today's dynamic world of finance.
