This book provides a set of case studies that can supplement any business statistics text. Developed at the Wharton School at the University of Pennsylvania, it is used for the beginning statistics course for MBA students. The casebook provides the latest in data analysis techniques, and...

This article develops and estimates a dynamic arbitrage-free model of the current forward curve as the sum of (i) an unconditional component, (ii) a maturity-specific component and (iii) a date-specific component. The model combines features of the Preferred Habitat model, the Expectations...

Dean Foster and Peyton Young explain a dramatic problem in the hedge fund industry that allows hedge fund managers to profit hugely while exposing their investors to great unknown risks.