Statistical methods for financial engineering pdf

How is statistics used in financial planning?
A solid understanding of statistics is crucially important in helping us better understand finance.
Moreover, statistics concepts can help investors monitor the performance of their investment portfolios, make better investment decisions and understand market trends..
What is the use of statistical methods in engineering?
Statistical models are used to identify, analyze, and quantify potential risks through probability theory.
It enables engineers to understand the risk associated with particular activities or situations, allowing them to take more effective steps to mitigate them..
A solid understanding of statistics is crucially important in helping us better understand finance.
Moreover, statistics concepts can help investors monitor the performance of their investment portfolios, make better investment decisions and understand market trends.
Statistical models are used to identify, analyze, and quantify potential risks through probability theory.
It enables engineers to understand the risk associated with particular activities or situations, allowing them to take more effective steps to mitigate them.

This thesis studies two different problems regarding financial companies' capital, which is a buffer used to cover unexpected losses.

How is statistics used in financial planning?