There are many applications in which the long-term statistical properties of short-term financial time series are required. For example, we might be interested in obtaining the 1% worst monthly return ...

The Journal of the American Statistical Association (JASA) has long been considered the premier journal of statistical science. Science Citation Index reported JASA was the most highly cited journal ...

In the estimation of error rates for populations, whose error rate is quite small, the usual assumption of normality can lead to erroneous results. The confidence ...

Rounding errors can vary in size depending on the accuracy of the equipment used to measure the value. Events can be measured to a different degree of accuracy, depending on their importance. For ...