Financial and Actuarial Statistics: An Introduction [Hardback]

This supplementary text for beginning actuarial science students as well as experienced financial investigators approaches both financial and actuarial modeling from a statistical point of view. It provides an introduction to investment pricing models, discrete and continuous insurance and annuity models, and pension plan models, along with associated statistical techniques such as risk estimation and percentile estimation. Advanced topics include single decrement modeling and resampling techniques. Borowiak teaches statistics at the U. of Akron, Ohio. Annotation (c) Book News, Inc., Portland, OR (booknews.com)

Based on a loss function approach, this comprehensive reference reviews the most recent advances in financial and actuarial modeling, providing a strong statistical background for advanced methods in pension plan structuring, risk estimation, and modeling of investment and options pricing. An authoritative tool supplying every conceptual model and technique required by the modern financial investigator, Financial and Actuarial Statistics offers an analysis of American options models, mortality adjustment factors for increased risk individuals, time trend regression adjustments for mortality tables, and simulation approaches for stochastic models.