Models play a crucial role in today's financial markets and an understanding and appreciation of how to model financial data is key to any finance practitioner's skill set. This book provides an authoritative and up-to-date treatment of model development. As well as numerous real world examples to illustrate concepts in an accessible manner, the accompanying CD will allow the reader to implement the examples themselves and adapt them for their own purposes. The ideal reference for those involved in model selection and development. (text from the publisher)