Introduction to Bayesian Estimation and Copula Models of Dependence
1. Auflage Mai 2017
352 Seiten, Hardcover
Wiley & Sons Ltd
Presents an introduction to Bayesian statistics, presents an emphasis on Bayesian methods (prior and posterior), Bayes estimation, prediction, MCMC,Bayesian regression, and Bayesian analysis of statistical modelsof dependence, and features a focus on copulas for risk management
Introduction to Bayesian Estimation and Copula Models of Dependence emphasizes the applications of Bayesian analysis to copula modeling and equips readers with the tools needed to implement the procedures of Bayesian estimation in copula models of dependence. This book is structured in two parts: the first four chapters serve as a general introduction to Bayesian statistics with a clear emphasis on parametric estimation and the following four chapters stress statistical models of dependence with a focus of copulas.
A review of the main concepts is discussed along with the basics of Bayesian statistics including prior information and experimental data, prior and posterior distributions, with an emphasis on Bayesian parametric estimation. The basic mathematical background of both Markov chains and Monte Carlo integration and simulation is also provided. The authors discuss statistical models of dependence with a focus on copulas and present a brief survey of pre-copula dependence models. The main definitions and notations of copula models are summarized followed by discussions of real-world cases that address particular risk management problems.
In addition, this book includes:
* Practical examples of copulas in use including within the Basel Accord II documents that regulate the world banking system as well as examples of Bayesian methods within current FDA recommendations
* Step-by-step procedures of multivariate data analysis and copula modeling, allowing readers to gain insight for their own applied research and studies
* Separate reference lists within each chapter and end-of-the-chapter exercises within Chapters 2 through 8
* A companion website containing appendices: data files and demo files in Microsoft® Office Excel®, basic code in R, and selected exercise solutions
Introduction to Bayesian Estimation and Copula Models of Dependence is a reference and resource for statisticians who need to learn formal Bayesian analysis as well as professionals within analytical and risk management departments of banks and insurance companies who are involved in quantitative analysis and forecasting. This book can also be used as a textbook for upper-undergraduate and graduate-level courses in Bayesian statistics and analysis.
ARKADY SHEMYAKIN, PhD, is Professor in the Department of Mathematics and Director of the Statistics Program at the University of St. Thomas. A member of the American Statistical Association and the International Society for Bayesian Analysis, Dr. Shemyakin's research interests include informationtheory, Bayesian methods of parametric estimation, and copula models in actuarial mathematics, finance, and engineering.
ALEXANDER KNIAZEV, PhD, is Associate Professor and Head of the Department of Mathematics at Astrakhan State University in Russia. Dr. Kniazev's research interests include representation theory of Lie algebras and finite groups, mathematical statistics, econometrics, and financial mathematics.
Part 1: Getting Started with Selling Your House 5
Chapter 1: Deciding to Sell 7
Chapter 2: Selling and Your Personal Finances 23
Chapter 3: Exploring the Economics of Selling 45
Chapter 4: Confronting Financing Issues 57
Part 2: Tactical Considerations 75
Chapter 5: Timing Is Everything 77
Chapter 6: For Sale By Owner 89
Chapter 7: Your Real Estate Team 99
Chapter 8: Listing Contracts and Commissions 125
Part 3: Getting Top Dollar When You Sell 155
Chapter 9: Preparing Your House for Sale 157
Chapter 10: Determining Your House's Value 167
Chapter 11: Price It Right and Buyers Will Come 183
Part 4: The Brass Tacks of Selling Your House 199
Chapter 12: Marketing Your House 201
Chapter 13: Using Technology to Sell Your House 215
Chapter 14: Negotiating Strategies for Sellers 223
Chapter 15: It Ain't Over 'til the Check Clears 255
Chapter 16: Income Tax Filings after the Sale 269
Part 5: The Part of Tens 277
Chapter 17: Ten Things to Do After You Sell 279
Chapter 18: Ten Tips for Selling Rental Real Estate 287
Chapter 19: Answers for Ten Questions Home Buyers May Ask 295
Part 6: Appendixes 303
Appendix A: Sample Real Estate Purchase Contract 305
Appendix B: Example of a Good Inspection Report 317
Appendix C: Glossary 333
Index 349
ALEXANDER KNIAZEV, PhD, is Associate Professor and Head of the Department of Mathematics at Astrakhan State University in Russia. Dr. Kniazev's research interests include representation theory of Lie algebras and finite groups, mathematical statistics, econometrics, and financial mathematics.