This century and the history of modern statistics began with Karl Pearson's, [181], (1900)goodness-of-fit test, one of the most important breakthroughs in science. The basic motivation behind this test was to see whether an assumed probability model adequately described the data at hand. Then,...

It is well known that most of the standard specification tests are not valid when the alternative hypothesis is misspecified. This is particularly true in the error component model when one tests for either random effects or serial correlation without taking account of the presence of the other...

This book contains lectures delivered at the celebrated Seminar in Mathematical Finance at the Courant Institute. The lecturers and presenters of papers are prominent researchers and practitioners in the field of quantitative financial modeling. Most are faculty members at leading universities...