Reviews (6)

Best book on interest rate models
This is the best book available on interest rate models. Very detailed. Much more focused and readable than Rebonato's book. More pragmatic and explicit than Musiela and Rutkowski. Not as theoretical as Hunt and Kennedy. James and Webber also looks very good, but I'm not that familiar with it. All other books have only bits and pieces on interest rates.

The best book I have read on the subject
With all the due respect to the other authors I would say that if one is interested in a good theoretical book whihc is also good on the implementation side then the book of Brigo and Mercurion is definetly the best book I have ever read on the subject. New stuff and nice overview: hard to beat!
In the late nineties I went through Brigo's innovative work on stochastic nonlinear filtering with differential geometry techniques. I was favorably impressed by results and style, particularly in his dissertation and in his 'geometry in present day science' very readable overview. Interesting results are found and nicely told with accurate -but not pointlessly complicated - advanced mathematics for the problems at hand, I reasoned. Read more

Subjects:  1. Business / Economics / Finance    2. Finance    3. Group Theory    4. Mathematics    5. Probability & Statistics - General    6. Science/Mathematics    7. Statistics    8. Business & Economics / Finance    9. Interest rates    10. JEL classification: G12, G13, E43    11. MSC (2000): 60H10, 60H35, 62P05, 65C05, 65C20, 90A09    12. calibration    13. pricing    14. stochastic calculus   

Reviews (14)

Great Book
I used this text in my MBA stats class and have found it to be very informative and useful.I found the examples for Excel and Minitab to be well written and of great use.I would recommend this book for anyone who uses statistics on a frequent basis or simply would like a good reference manual in their library.

12th ed. has problems
The 12th edition of this book contains a surprising number of errors.I am currently using this book for a statistics course in an MBA program.We are twelve chapters into the book now and in most every chapter I have found a mistake; more often than not there are multiple mistakes.What is worse is that the majority of the mistakes are in the practice problems which are where the student learns to apply the skills.This serves to create confusion and frustration on the student's part.Some of the mistakes are sloppy editing while others more significant are providing wrong information.The editors need to take another look at this book and the authors should also take note.

Statistical Techniques in Business and Economics with CD-Rom
The book I received did not have the cd the book was in used condition not good as stated.It was ok.It would have been nice to have the cd. It needs to be a little more detailed. ... Read more

Subjects:  1. Business & Economics    2. Business/Economics    3. Mathematics    4. Probability & Statistics - General    5. Statistics    6. Business & Economics / Statistics    7. Business mathematics & systems    8. Economics    9. Probability & statistics   

Reviews (13)

Sure it's good, and a good price by the pund too!
A pretty good overview and a lot of in-depth material on Multivariate data analysis.Not quite a bed time read though.
Good for a second stats course & reference
We used this book for our Stats 2 course in grad school, and although our professor was good enough to eclipse Hair, et al. (he had written his own Stats text), I am most pleased at how much mileage I have drawn from Hair, et al. in the years since I took the course.In my subsequent career, reviewers have often sent me back to Hair, et al. when they have questions about something I'm doing with a data analysis, so it has become an invaluable reference for that reason alone.
simple but great!!
I used this book as a reference on the topics while I was working on a research project at the university. Because the book does not use complex mathematics to explain the multivariate statistics, it is easy for social sciences students to understand. Each chapter starts with an overview, step-by step procedures and ends with an example from the data set that is used throughout the book.
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Subjects:  1. Mathematics    2. Multivariate Analysis    3. Probability & Statistics - General    4. Probability & Statistics - Multivariate Analysis    5. Science/Mathematics    6. Business & Economics / Statistics    7. Business mathematics    8. Market research    9. Probability & statistics   

Reviews (5)

Not Too Bad
I have a basic statistics background before I read this book. For me, the book is useful for my basic quantitative research. Last few chapters apply the statistics rules in earlier chapters to the real business environment, which I think it's really practical and interesting. The most I like in this book is the practice questions at the end of each chapter, which apply to everyone's daily life. However, first four chapters cover too many unnecessary topics.

This book requires outside help!
This book tends to jump off topic (most aren't explained well). For example, they talk about one thing but the exercises are a bit different than the chapter's topic. Most of the information isn't fully explained. If you are in a class where the instructor assigns the exercise questions for homework, you are screwed. You may not know what to do unless you seek outside help (study guide, tutor etc.) or read beyond the chapter.

A very interesting book... for those who understand statistics
The book has a lot of examples and is a must have for those majoring in Finance. Some Universities use this for Intro to Statistics and this book is very didactic. The way it's written out in a form that takes you a another level of reading which makes you feel you're in a rainbow... a reading rainbow... Anway... The book has answers in the back so it's good enough for whenever the professor assigns Homework. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Commercial statistics    5. Economics    6. Management - General    7. Methodology    8. Probability & Statistics - General    9. Statistical methods    10. Statistics    11. Business & Economics / Statistics    12. Business & Management    13. Economic statistics   

Reviews (1)

You don't need to be afraid of Statistics
This is a very friendly statistics book.It is easy to read and understand.The authors also throw in some humorous comments now and then that is something you wouldn't expect to find in a statistics book and this seemed to help with the reading.Many real world business examples are used in the book.The example problems and the end of section or chapter problems are from different areas of study such as business, political, social sciences, and science. This is great for understanding how to apply statistics in real life.I would have to say that all the topics and formulas are explained very well.In some cases there are more then one way to write a formula and Sanders and Smidt makes a point of giving you both formulas.You can decide which formula works for you.The book comes with a CD loaded with the data files for all the problems so you don't have to spend time keying in data.There are copies of the data files come in a variety of formats such as Minitab, Excel Windows, and Macintosh.For most of the example problems the book takes you through the steps using Minitab Statistical software and the TI-83 graphing calculator.You are not only learning statistics, but you are also learning how to use Minitab and the TI-83 graphing calculator.In this day and age if you are going to do statistics you need to be able to do it with a computer.I wish they would have also included examples using Microsoft Excel, which more people are apt to have then Minitab. Personally I use both Minitab and Excel. I actually enjoyed reading this book and looked forward to studying.Even though my statistics class is over this book will not be collecting dust for a while as I plan on going back through it to reread or finish reading what I missed or skimmed over. There are still a lot of the problems that I want to do to reinforce what I have already learned.This is a great statistics book to keep as a reference. More then once I have found coworkers looking up stuff in my book. ... Read more

Subjects:  1. Mathematical Statistics    2. Mathematics    3. Probability & Statistics - General    4. Science/Mathematics    5. Statistics    6. Economic statistics    7. Epidemiology & medical statistics    8. Mathematics / Statistics    9. Probability & statistics    10. Social research & statistics    11. Statistical physics   

Reviews (3)

Good Overall
Pretty thorough text for anyone learning or brushing up on their skills...quite intuitive.

This is one of the best business statistics book
This book is used in the course of Business Statistics at University of Massachusetts Dartmouth. This is a useful and understandable book. The questions are well-prepared.Also,the statistics program PhSTAT is given with this book. I advise you to buy.

Good, but could be better
This book is okay, but it could definitely be better.For a basic statistics class, this book contains WAY too much information to digest in a semester of college.No professor I know of has ever gotten past chapter 8.Further, the problems are quite wimpy as far as the amount of thought required for them.Quite wimpy.Could be better.The only good thing is that for doing it on a spreadsheet, the data comes on a CD, so that you don't have to re-type it, thankfully. ... Read more

Subjects:  1. Business & Economics    2. Business/Economics    3. Mathematics    4. Probability & Statistics - General    5. Statistics    6. Business & Economics / Statistics    7. Business mathematics    8. Business mathematics & systems    9. Economic statistics   

Reviews (16)

Good Book ? Yes....For Self Study? NOOOOO !!
I am doing a self study and do not have any facility to get help of any instructor. I purchased the book after got good reference from some of my friends. The content of the book is pretty good...BUT when it comes to the problems...there are a very very few worked out examples (as usual they are the easiest ones)...Addition to that the publisher decided to earn every bits of pennies. So they created a Student's solution manual. No where in the publisher's site anything mentioned about the manual. But when I purchased , found that the manual has solution for ONLY Odd numbered solution (for them the answers are given in the original book). I was wondering whether they have another solution manual for EVEN numbered problems...!!!
Excellent Book, Not in Good Condition
It's very good book in Probability and Statistics, a must-have for any researcher.
P(Grade > B) = Small Without A Curve
After having used this book in a graduate level probability/statistics course and having the opportunity to poll students who took that class over the past 3 years, I found out that the probability of getting a good grade, and achieving understanding with DeGroot, was small. Read more

Subjects:  1. Mathematical Statistics    2. Mathematics    3. Probabilities    4. Probability & Statistics - General    5. Science/Mathematics    6. Statistics    7. Business & Economics / Statistics    8. Probability & statistics   

Reviews (1)

Not so good!
Now in my second statistics course, I have a great base in statistics.This book seems to confuse everything that i've already learned.I would recommend using The Basic Practice of Statistics over this book anyday. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Decision Making & Problem Solving    5. Economics    6. Management    7. Probability & Statistics - General    8. Statistical methods    9. Statistics    10. Business mathematics    11. Mathematics / Statistics    12. Probability & statistics   

Reviews (9)

Finite Mathematics for Business Economics, Life Sciences and Social Sciences (10th Edition)
They sent me the wrong book. I ordered theFinite Mathematics for Business Economics, Life Sciences and Social Sciences (10th Edition)by Raymond A. Barnett and received the solution manual. I feel very disapointed with this purchase.
NOT USER FRIENDLY!
I am using this textbook for my Math for Business and Economics class and it is terrible.This book is not written taking into consideration the audience "Business Majors". Concepts are better explained in the Chapter review than under the sections they are being presented.There is only 1 example for each new concept and definitions are written using one or two definitions of new concepts within it.If this book is intended to take the student from the abstract concept to the real world it sure doesn't do this.I understood the material better in my Intermediate Algebra class than I do now.

Sound choice for a finite math textbook
This is a very sound choice as a textbook for a course in finite mathematics. The coverage is appropriate, the level suitable for the non-math major, the explanations are excellent and the authors take the title seriously. Read more

Subjects:  1. Biomathematics    2. Finite Mathematics    3. General    4. Linear Programming    5. Mathematics    6. Science/Mathematics    7. Social sciences    8. Statistics    9. Applied mathematics    10. Mathematics / General   

Editorial Review

If the prescriptions for getting rich that are outlined in books such as Read more

Reviews (279)

...like giving or getting Galileo's book on the solar system as a Christmas gift in 1632
My professional work involves evaluating money managers and trying to "understand" a manager's skill vs luck and where the manager might fit in an overall portfolio.So I have spent 30+ years slashing my way through the jungle made by academics who think they can put markets and reality into nice, predictable models; and worse, listening to the sales pitches of money managers and other financial salesmen who want you to believe they are predictably worth paying very high fees and subjecting your money to untold risks.
interesting but too long and arrogent
The author has some interesting things to say on randomness and probability and how it effects our day to day life. However what could have been an interesting long essay does not a book make! Furthermore he is really annoying in the way he makes snide and unjustified remarks about various people. For example - he may think Buffet is a lucky fool and he may be right (I do not understand the markets enough to judge this one). However he doesn't stop there. He goes on to attack Buffet for living a moderate life style (so what) and ends with musing if money isn't importent for Buffet why doesn't he become a monk or a social worker. Well this was before Buffet gave away most of his fortune and I hope Taleb is suitably shamed. I suspect this guy is fueled by envy and probably an inferiority complex (as he comes across as sooo superior).
Oh, what could have been
As someone with a taste for statistical theory, this one was disappointing.Taleb is constantly casting around for what exactly he wants to write about.Yes, he passably develops his theory that people read far too much into random events.He does this through a series of personal stories, which unto themselves are entertaining.But, it's never clear if he's writing an autobiography or discussing randomness and I came away from this book no more enlightened about randomness than I had been before.If you are a novice in the area and are looking for a light introduction on the subject, it's a good book.If you're already familiar with the concept of randomness, don't bother. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Chance    5. Economic Statistics    6. Finance    7. Free Will & Determinism    8. Investment Analysis    9. Investments    10. Investments & Securities - General    11. Random variables    12. Statistics    13. Business & Economics / Finance   

Reviews (6)

A MUST
If I were to be deprived of all the trading books in my collection but one, that would beThe Encyclopedia. Unlike other literature on the patterns, in this book you will not find clauses like "most of the time", "usually", "seldom". All the information as it'srelated to the pattern trading is thoroughly backtested.
Dictionary for good
This book is just like a dictionary that you can always turn to whenever you have unfamiliar words in the stock markets. It's a good company that you can keep by you side and frequently flip to pages of charts which you are foreign to.

a complete guide to all pattern
without doubt this book is a complete cyclopedia of chart patternsbut some parts are so streched . ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Charts, diagrams, etc    5. Commodities    6. Commodity futures    7. Investment analysis    8. Investments & Securities - Futures    9. Investments & Securities - General    10. Investments & Securities - Stocks    11. Stocks    12. Business & Economics / Investments & Securities    13. Economic statistics   

Subjects:  1. Business & Economics    2. Business/Economics    3. Mathematics    4. Probability & Statistics - General    5. Statistics    6. Textbooks    7. Mathematics / Statistics    8. Probability & statistics   

Reviews (1)

Excellent introduction to the subject
I read this book as the assigned text for a course in Quantitative Analysis and found it to be an excellent text for such a class.Each Model and equation presented is explained through realistic examples, illustrations, and explanations of the math.This made the subject very easy to comprehend and apply to the real world.
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Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business Statistics    4. Business/Economics    5. Management Science    6. Statistics    7. Strategic Planning    8. Systems And Analysis In Management    9. Business & Economics / Statistics    10. Business systems analysis    11. Management & management techniques    12. Management decision making   

Reviews (6)

Best beginner's book on statistics
If you have no clue about statistics, then this is the best book your money can money. It is crystal clear. An Excellent Book for Introductory Statistics
I only have the fifth edition of this book, but it is probably similar to this edition. I used this book, when I was teaching statistics many years ago. The book is very clear and it explains each statistical concept very thoroughly. A Very Helpful Book
This is a definately worthwhile learning tool which can aid anyone who is attempting to tackle statistics for the first time. The methods and theories are concise, direct, and most of all, clearly stated. The authors bring you step by step through each procedure and then offer exercises to demonstrate the process while giving you the confidence to go on.Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Commercial statistics    5. Economics    6. Methodology    7. Statistical methods    8. Statistics    9. Business mathematics & systems    10. Economic statistics    11. Probability & statistics   

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Statistics    5. Business & Economics / Statistics    6. Business mathematics    7. Probability & statistics   

Reviews (4)

Good and gentle introduction to statistics
Prof. Siegel's book is a great introductory text for business graduates with little prior exposure to statistics. The text covers many of the basic topics in statistics and ties them nicely to real world cases and problems.
Mediocre.
This is not the best book on the subject.There are many other superior books to this one.I still keep it around as a descent reference on statistics, and occasionally get something out of it.

The review of Practical Business Statistics
It's a very good book because of the way it divulges you into the realworld.If you are interested in learning business and business statistics,what better place to learn it than the real world. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business Mathematics    4. Business Statistics    5. Business/Economics    6. Statistics    7. Business & Economics / Statistics    8. Business mathematics & systems   

Reviews (6)

Broad coverage, but not for the faint-hearted
Written by a University of Chicago professor, this book comprehensively covers times series topics relative to investment and trading-oriented finance (i.e., Wall Street money-making machines).Treatment is generally clear and thorough, but an advanced math and stat background is an absolute prerequisite for understanding the materials.
For self-learners and for future reference
This is the bible of financial time series analysis.All the main methods are included, with each of them being well described and provided with readable examples.You physics quants out there who are new to finance can use this as a self-contained textbook, while you stats guys and gals can use this as a quick reference.The treatment of VaR is the only real weakness, and you will be hindered a little if you don't have access to S-Plus.
Best textbook I have ever read
First of all, it is well written in a very practical point of view. The whole book is aimed fullly to real financial data(appended in the author's web). People can gain not only the well-explained theories but the hand-on experience with data analysis using SPLUS or any other package.
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Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Econometrics    5. Finance    6. Investment Analysis    7. Programming - Systems Analysis & Design    8. Risk management    9. Time-series analysis    10. Business & Economics / Finance    11. Economic statistics   

Reviews (3)

Used in MBA program - Intro to Stats
I did not have much statistics background while in undergrad or through my job experiences and found this book to be quite easy to understand.The problems at the end of the chapters were quite useful in that they seemed applicable to the real world.I thought the most useful section was on regression so if you are interested in learning about that topic, this textbook is quite useful.

good book with good cases
Very good text book with very useful and practical real cases, which make the boring theory interesting. I think it is very useful for my job and daily life.

Effective text for students and anyone wanting to brush up
This is a very readable and useable text for undergraduates, business students, and general readers who want to learn or brush-up on basic statistics.There is a tremendous amount of information in its 1200 pages, but it is well laid out, amply illustrated, with lots of practical work.The answers to the odd numbered questions are provided in the back to aid self-study.There are several appendices that provide important tables and the methods for calculating important statistical formulas.The index is also quite helpful.
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Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business Statistics    4. Business/Economics    5. Commercial statistics    6. Economic Statistics    7. Economics    8. Economics - General    9. Probability & Statistics - General    10. Statistical methods    11. Statistics    12. Business & Economics / Statistics   

Reviews (1)

great reference
The best book on this subject. It provides both an excellent up-to-date overview of the relevant literature and an application-oriented perspective. The chapter on robust estimation is outstanding. ... Read more

Subjects:  1. Applied    2. Business & Economics    3. Business/Economics    4. Data processing    5. Economics - General    6. Finance    7. Mathematics    8. Portfolio management    9. Probability & Statistics - General    10. Applied mathematics    11. Business & Economics / Statistics    12. Mathematics / Applied    13. Mathematics-Probability & Statistics - General    14. Probability & statistics   

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Statistics    5. Business & Economics / Statistics    6. Business mathematics    7. Probability & statistics