Arjun K. Gupta, Wei-Bin Zeng, Yanhong Wu

Probability and Statistical Models (eBook, PDF)

Foundations for Problems in Reliability and Financial Mathematics

• Format: PDF

Produktbeschreibung

With an emphasis on models and techniques, this textbook introduces many of the fundamental concepts of stochastic modeling that are now a vital component of almost every scientific investigation. These models form the basis of well-known parametric lifetime distributions such as exponential, Weibull, and gamma distributions, as well as change-point and mixture models. The authors also consider more general notions of non-parametric lifetime distribution classes. In particular, emphasis is placed on laying the foundation for solving problems in reliability, insurance, finance, and credit risk. Exercises and solutions to selected problems accompany each chapter in order to allow students to explore these foundations.

The key subjects covered include:

* Exponential distributions and the Poisson process

* Parametric lifetime distributions

* Non-parametric lifetime distribution classes

* Multivariate exponential extensions

* Association and dependence

* Renewal theory

* Problems in reliability, insurance, finance, and credit risk

This work differs from traditional probability textbooks in a number of ways. Since no measure theory knowledge is necessary to understand the material and coverage of the central limit theorem and normal theory related topics has been omitted, the work may be used as a single-semester senior undergraduate or first-year graduate textbook as well as in a second course on probability modeling. Many of the chapters that examine central topics in applied probability can be read independently, allowing both instructors and readers extra flexibility in their use of the book.

Probability and Statistical Models is for a wide audience including advanced undergraduate and beginning-level graduate students, researchers, and practitioners in mathematics, statistics, engineering, and economics.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Birkhäuser Boston
• Seitenzahl: 267
• Erscheinungstermin: 26. August 2010
• Englisch
• ISBN-13: 9780817649876
• Artikelnr.: 43800110

Autorenporträt

Arjun K. Gupta is the author of a previous Birkhäuser book: Gupta/Chen, "Parametric Statistical Change Point Analysis," (978-0-8176-4169-6, 2000, 184 p.)

Inhaltsangabe

Preliminaries.- Exponential Distribution.- Poisson Process.- Parametric Families of Lifetime Distributions.- Lifetime Distribution Classes.- Multivariate Lifetime Distributions.- Association and Dependence.- Renewal Theory.- Risk Theory.- Asset Pricing Theory.- Credit Risk Modeling.

Rezensionen

From the reviews:
"This is a nice introductory textbook on stochastic processes, basically devoted to the Poisson process and its variants. The basic results are well illustrated by many examples with many problems at the end of each chapter. ... The book is suitable for students that do not have an advanced training in the measure-theoretic aspects of probability or stochastic integration." (Henryk Gzyl, Zentralblatt MATH, Vol. 1215, 2011)