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Simulation Techniques in Financial Risk Management (Statistics in Practice) (edit title/settings)

by Ngai Hang Chan (Author) (edit contributors)

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This unique resource provides simulation techniques for financial risk managers ensuring you become well versed in many recent innovations, including Gibbs sampling, the use of heavy-tailed distributions in VaR calculations, construction of volatility smile, and state space modeling. The... read more

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In this introductory chapter, we are faced with three basic questions: What is simulation?

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  1. Ngai Hang Chan (Author)

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