Value-at-Risk Theory and Practice
The first advanced book on value-at-risk
Chapter 4, Page 180 Exercise 6
What is the difference between a time series and a stochastic process?
Solution
A time series is an ordered set of data collected over time. A stochastic process is a mathematical model used to describe a time series.
website: http://www.contingencyanalysis.com value-at-risk direct link: http://www.value-at-risk.net copyright © Contingency Analysis, 2003
_small.jpg)
