Gzyl, Henryk / Mayoral, Silvia / Gomes-Goncalves, Erika
Loss Data Analysis
The Maximum Entropy Approach
Series:De Gruyter Textbook
- Presents tools for mathematical finance, engineering and the sciences.
- Includes real-world mathematical examples.
Aims and Scope
With applications in insurance, banking and finance as well as engineering and the natural sciences, Operational Risk Assessment is an important tool to mitigate losses. This textbook focuses on loss data analysis using a maximum entropy approach. After introductions of statistical tools and frequency models, specific examples using R are discussed.