Methods and Applications of Statistics in Business, Finance, and Management Science

Inspired by the Encyclopedia of Statistical Sciences, Second Edition (ESS2e), this volume presents a concise, well–rounded focus on the statistical concepts and applications that are essential for understanding gathered data in the study of business, finance, and management science. The book successfully upholds the goals of ESS2e by combining both previously–published and newly developed contributions written by over 100 leading academics, researchers, and practitioner in a comprehensive, approachable format. The result is a succinct reference that unveils modern, cutting–edge approaches to acquiring and analyzing data across diverse subject areas within these three disciplines, including risk management, mathematical finance, economics, supply chain management, derivative pricing, and resource allocation.
In addition, techniques related to survey methodology, computational statistics, and operations research are discussed, where applicable.
Topics of coverage include:LogisticsDecision analysisOptimizationSimulationForecastingMathematical modelingData mining