The Subject Statistics

About us

Statistics at Hanken is specialized in economic statistics and econometrics. Areas of activity and strength include financial, applied and micro econometrics.

Statistics (including mathematics) is a key supporting subject for all business and economics students as well as business and economics professionals. Statistics is offered as a minor at Hanken, as a study module in the MSc programme in Finance in Helsinki, as a specialization in the PhD programme in Finance in Helsinki.

Some of the recent research/teaching activities pursued by the members of the subject (captured via images) are given below.



alex

Simulation of 2500 observations from a new type of GARCH model. From ongoing research by Timo Teräsvirta, Niklas Ahlgren and Alexander Back (PhD candidate in Finance with Specialization in Statistics).
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Histogram of trade durations for Apple on Nasdaq for 29.8.2016-29.8.2017. From ongoing research by Markus Belfrage and Gunnar Rosenqvist on Modelling Ultra-High Frequency Trade Durations with the ACD Model.

 

 



ps

PCA-based and SOM-based (PCA=Principal Component Analysis, SOM=Self-Organizing Map) results obtained in software R. Input data: 50x7 matrix containing 50 sets of estimates (alphahat, betahat, shat, hhat, rhat, chat, IVOL) from the fit of Fama-French-5-factor model to daily returns of 50 randomly-selected S&P500 stocks between 01.01-31.12.2018. From Agnieszka Jach's course "Introduction to Mathematical Finance".