Inference for Diffusion Processes

With Applications in Life Sciences

Nonfiction, Health & Well Being, Medical, Reference, Biostatistics, Science & Nature, Mathematics, Statistics
Cover of the book Inference for Diffusion Processes by Christiane Fuchs, Springer Berlin Heidelberg
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Author: Christiane Fuchs ISBN: 9783642259692
Publisher: Springer Berlin Heidelberg Publication: January 18, 2013
Imprint: Springer Language: English
Author: Christiane Fuchs
ISBN: 9783642259692
Publisher: Springer Berlin Heidelberg
Publication: January 18, 2013
Imprint: Springer
Language: English

Diffusion processes are a promising instrument for realistically modelling the time-continuous evolution of phenomena not only in the natural sciences but also in finance and economics. Their mathematical theory, however, is challenging, and hence diffusion modelling is often carried out incorrectly, and the according statistical inference is considered almost exclusively by theoreticians. This book explains both topics in an illustrative way which also addresses practitioners. It provides a complete overview of the current state of research and presents important, novel insights. The theory is demonstrated using real data applications.

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Diffusion processes are a promising instrument for realistically modelling the time-continuous evolution of phenomena not only in the natural sciences but also in finance and economics. Their mathematical theory, however, is challenging, and hence diffusion modelling is often carried out incorrectly, and the according statistical inference is considered almost exclusively by theoreticians. This book explains both topics in an illustrative way which also addresses practitioners. It provides a complete overview of the current state of research and presents important, novel insights. The theory is demonstrated using real data applications.

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