Customer Reviews

Statistics and Finance: An Introduction

5 star:		(2)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

This book is an ambitious and unique combination of stat and finance - and because of the very close relationship of the two areas, this book is excellent and useful for 1) statisticians who want to learn financial modeling; and 2) financial analysts who need to understand the underlying stat concepts at a relatively advanced level. It is generally well-written and the author provides clear explanation on many finance theories.

I am a post graduate student in Finland. I've been trying to find a suitable book which would take me a step further after Luenberger's Investment Science (Cochrane's book is a too large leap for me). This excellent book which does just that. It covers interesting topics such as Michaud's resampling, volatility surfaces and interest rate models. The treatment of various topics is rather short though. However, after each chapter Ruppert has a bibliography where he recommends additional reading for each subject.

Text is extremely readable and even though I am not in MIT like some reviewers (possibly meaning that I might not be that smart) I found the text easy to understand and the examples in the book really help to elaborate the text. If you want some light reading that tells you a little about a lot, this is the book for you.


In addition, you can find some nice R code for the book which a little bit of googling.

Ruppert tries to cover too many topics in too few pages. As a result, the treatment of topics is perfunctory at best, and the exercises are almost nonexistent. If you really want to learn the material, look at the table of contents, and for each chapter, buy a separate textbook.

A must have book for anybody looking to learn statistics as applied to finance. Explainations are as elaborative as provided in other great books like Hull and Neftci. I strongly recommend this book!

an interesting and authoritative perspective on many things of practical interest in asset management

I am from mit, and I'm really smart. I cannot understand this book. There are also quite a few mistakes in this book.