{"product_id":"9781441920249","title":"Heavy-Tail Phenomena: Probabilistic and Statistical Modeling","description":"\u003cp\u003eThis comprehensive text gives an interesting and useful blend of the mathematical, probabilistic and statistical tools used in heavy-tail analysis. Heavy tails are characteristic of many phenomena where the probability of a single huge value impacts heavily. Record-breaking insurance losses, financial-log returns, files sizes stored on a server, transmission rates of files are all examples of heavy-tailed phenomena.\u003c\/p\u003e\u003cp\u003eKey features:\u003c\/p\u003e\u003cp\u003e* Unique text devoted to heavy-tails\u003c\/p\u003e\u003cp\u003e* Emphasizes both probability modeling and statistical methods for fitting models. Most treatments focus on one or the other but not both\u003c\/p\u003e\u003cp\u003e* Presents broad applicability of heavy-tails to the fields of data networks, finance (e.g., value-at- risk), insurance, and hydrology\u003c\/p\u003e\u003cp\u003e* Clear, efficient and coherent exposition, balancing theory and actual data to show the applicability and limitations of certain methods\u003c\/p\u003e\u003cp\u003e* Examines in detail the mathematical properties of the methodologies as well as their implementation in Splus or R statistical languages\u003c\/p\u003e\u003cp\u003e* Exposition driven by numerous examples and exercises\u003c\/p\u003e\u003cp\u003ePrerequisites for the reader include a prior course in shastic processes and probability, some statistical background, some familiarity with time series analysis, and ability to use (or at least to learn) a statistics package such as R or Splus. This work will serve second-year graduate students and researchers in the areas of applied mathematics, statistics, operations research, electrical engineering, and economics.\u003c\/p\u003e","brand":"Springer New York","offers":[{"title":"Default Title","offer_id":47026268635376,"sku":"9781441920249","price":69.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781441920249_p0.jpg?v=1763798917","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781441920249","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}