a) Knowledge and understanding. The course extends and complements the quantitative skills imparted by the previous teachings. In particular, it provides expertise on the main statistical methods for the analysis of financial phenomena of various kinds and deepens the problems of parameter estimation and diagnostics for a statistical model selection. These techniques include: the logistic regression model for credit risk; Markov models for linear and non-linear financial time series and diagnostic graphics. Participation in educational activities, in conjunction with the exercises of kit, enhance the student's ability to develop, independently, that type of "statistic" that characterizes the nature of the Master of Science in Finance and Risk Management.
b) Applying knowledge and understanding At the end of the course, the student will be able to implement on their own the advanced modeling techniques above. The student will have therefore developed specific skills advanced, they are associated with critical skills for diagnostic, which are essential ingredients in building a good statistical model, with the possible help of appropriate information systems.
c) making judgements. At the end of the course, the student will be able to perform independently all the considerations regarding the financial problems of various kinds. In addition, the student will be able to correctly interpret the results of such analyzes, even when made by other users or experts. By studying the contents of the course, the student matures, therefore, a high degree of autonomy aimed at the correct judgment of the application of proper technique and the associated ability to rework the quantitative knowledge acquired, in order to maximize the relevant information in the content start key risk managment.
d) communication skills. At the end of the course, the student will be able to interact constructively with the financial figures of each profile. The ability to summarize the statistical information of a complex nature, providing, in addition, effective quantitative synthesis, allows the student to contribute their thoughts to the development and drafting of the decision-making processes.
e) learning skills. We wish to give to the student the opportunity to assimilate the key results of the theory of mathematics, statistics and probability that underlie the construction of a statistical model. At the end of the course, the student will have acquired the key concepts to be able to accurately use quantitative tools, if they become necessary in the solution of concrete problems of a financial nature.