Inference involves drawing conclusions about some general phenomenon from limited empirical observations in the face of random variability. Two central unifying components of statistics are the likelihood function and the exponential family. These are here brought together for the first time as t[...]
This book was first published in 2004. Many observed phenomena, from the changing health of a patient to values on the stock market, are characterised by quantities that vary over time: stochastic processes are designed to study them. This book introduces practical methods of applying stochastic pro[...]