Probability and Statistics for Finance [Hardcover]

Finance has become increasingly more quantitative, drawing on techniques in probability and statistics that many finance practitioners have not had exposure to before. In order to keep up, you need a firm understanding of this discipline.
Probability and Statistics for Finance addresses this issue by showing you how to apply quantitative methods to portfolios, and in all matter of your practices, in a clear, concise manner. Informative and accessible, this guide starts off with the basics and builds to an intermediate level of mastery.
•    Outlines an array of topics in probability and statistics and how to apply them in the world of finance
•    Includes detailed discussions of descriptive statistics, basic probability theory, inductive statistics, and multivariate analysis
•    Offers real-world illustrations of the issues addressed throughout the text
The authors cover a wide range of topics in this book, which can be used by all finance professionals as well as students aspiring to enter the field of finance.

Preface xv

About the Authors xvii

CHAPTER 1 Introduction 1

Probability vs. Statistics 4

Overview of the Book 5

Part One Descriptive Statistics 15

Chapter 2 Basic Data Analysis 17

Data Types 17

Frequency Distributions 22

Empirical Cumulative Frequency Distribution 27

Data Classes 32

Cumulative Frequency Distributions 41

Concepts Explained in thlCØ