Market Risk [24]

Go to: Summary | Previous | Next   
Bullet points include: Often convenient to maximise log-likelihood rather than likelihood. Log(.) is a monotonically increasing function. pdfs often in practice assumed to come from a sub-set of the exponential family of distributions, e.g. pdf of (univariate) normal distribution is:

Contents | Prev | Next | ERM Lecture Series

Desktop view | Switch to Mobile