Extreme Value Methods with Applications to Finance

£170.00

Extreme Value Methods with Applications to Finance

Econometrics and economic statistics Probability and statistics

Author: Serguei Y. Novak

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Collection: Chapman & Hall/CRC Monographs on Statistics and Applied Probability

Language: English

Published by: CRC Press

Published on: 20th December 2011

Format: LCP-protected ePub

ISBN: 9781040195581


Extreme value theory (EVT)

deals with extreme (rare) events, which are sometimes reported as outliers. Certain textbooks encourage readers to remove outliers—in other words, to correct reality if it does not fit the model. Recognizing that any model is only an approximation of reality, statisticians are eager to extract information about unknown di

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