ADVANCED STATISTICAL APPROACHES IN QUANTITATIVE DECISION MAKING

Authors

Assoc. Prof. Elvan Hayat (ed)
Aydın Adnan Menderes University
https://orcid.org/0000-0001-8200-8046

Keywords:

Optimal Decision Making, Lévy Processes, Queueing Dependence, Copula, Extreme Value Theory, Jump-Diffusion, Financial Modeling, Risk Analysis, Stochastic Process, Applied Statistics

Synopsis

This volume synthesizes advanced statistical approaches for quantitative decision making under uncertainty. It brings together Lévy processes, jump–diffusion dynamics, copula-based dependence modelling, and extreme value theory to address heavy tails, skewness, and clustered volatility beyond Gaussian assumptions. Applications span option pricing and risk measurement, multivariate drought analysis, and tail dependence between equity indexes and exchange rates. The theoretical sections cover probability spaces, filtrations, and martingales, while the applied sections discuss Merton/Kou jump–diffusion models, pure-jump families (NIG/VG/CGMY), and copula selection/validation. The book serves as a method–application bridge for researchers and policymakers aiming to develop robust decision rules.

Author Biographies

Assoc. Prof. Elvan Hayat, Aydın Adnan Menderes University

Hayat, Elvan
Assoc. Prof. Elvan Hayat serves as a faculty member at the Department of Econometrics, Faculty of Political Sciences, Aydın Adnan Menderes University, Aydın, Türkiye. Hayat completed undergraduate education at Anadolu University in the department of Statistics in 2000, master's education at Anadolu Üniversitesi in the department of Business Administration - Quantitative Methods in 2003, and Ph.D. degree from Ege University in the field of Statistics in 2012. Primary research interests include data science, applied statistics. Hayat has national and international articles and book chapters published in Turkish and English.
E-mail: elvan.hayat@adu.edu.tr | ORCID: https://orcid.org/0000-0001-8200-8046 | ResearcherID: AAA-6787-2021 | Scopus ID: 57215312129

Assist. Prof. Akbar Baratı Chıyaneh, University of Tabriz

Baratı Chıyaneh, Akbar
Assist. Prof. Akbar Baratı Chıyaneh serves as a faculty member at the Department of Applied Mathematics, Faculty of Mathematical, Statistical and Computer Sciences, University of Tabriz, Tabriz, Iran. Baratı Chıyaneh completed undergraduate education at Payame Noor University in the department of Mathematics in 2002, master's education at Tabriz Payame Noor University; Bitlis Eren University in the department of Optimization; Applied Statistics in 2006; 2024, and Ph.D. degree from Van Yüzüncü Yıl University in the field of Applied Mathematics in 2017. Primary research interests include numerical analysis, perturbation methods, stochastic differential equations, artificial neural networks and machine learning, optimization. Baratı Chıyaneh has national and international articles published.
E-mail: baratiakbar@tabrizu.ac.ir, baratiakbar@yahoo.com | ORCID: https://orcid.org/0000-0003-4401-5477

Prof. Hamit Mirtagioğlu, Bitlis Eren University

Mirtagioğlu, Hamit
Prof. Hamit Mirtagioğlu serves as a head of statistics department, head of applied statistics department at the Department of Statistics, Faculty of Arts and Sciences, Bitlis Eren University, Bitlis, Türkiye. Mirtagioğlu completed undergraduate education at Gazi University in the department of Statistics in 1987, and Ph.D. degree from Ankara University in the field of Animal Science Dept., Biometry and Genetics in 2001. Primary research interests include applied statistics. Mirtagioğlu has national and international articles and book chapters published in Turkish and English.
E-mail: hmirtagioglu@beu.edu.tr, hamitsa86@gmail.com | ORCID: https://orcid.org/0000-0003-2952-9584

Assoc. Prof. Yıldırım Demir, Van Yüzüncü Yıl University

Demir, Yıldırım
Assoc. Prof. Yıldırım Demir serves as a faculty member at the Department of Econometrics, Faculty of Economics and Administrative Sciences, Van Yüzüncü Yıl University, Van, Türkiye. Demir completed undergraduate education at Marmara University in the department of Electrical Education in 2001, master's education at Van Yüzüncü Yıl University in the department of Animal Science Dept., Biometry and Genetics in 2008, and Ph.D. degree from AtaTürk University in the field of Animal Science Dept., Biometry and Genetics in 2016. Primary research interests include applied statistics, quantitative decision methods. Demir has national and international articles and book chapters published in Turkish and English.
E-mail: ydemir@yyu.edu.tr, ydemir.yyu@gmail.com | ORCID: https://orcid.org/0000-0002-6350-8122

Assist. Prof. Burak Uyar, Van Yüzüncü Yıl University

Uyar, Burak
Assist. Prof. Burak Uyar serves as a faculty member at the Department of Econometrics, Faculty of Economics and Administrative Sciences, Van Yüzüncü Yıl University, Van, Türkiye. Uyar completed undergraduate education at Van Yüzüncü Yıl Üniversitesi in the department of Mathematics in 1997, master's education at Van Yüzüncü Yıl Üniversitesi in the department of Mathematics in 2006, and Ph.D. degree from Ege University in the field of Statistics in 2013. Primary research interests include statistics, econometrics.
E-mail: burak.uyar@yyu.edu.tr, brkuyar@gmail.com | ORCID: https://orcid.org/0000-0002-3178-4157 | ResearcherID: LFR-9761-2024 | Scopus ID: 53664400400

Kapak E Hayat

Downloads

Published

December 18, 2025

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Details about the available publication format: PDF

PDF

ISBN-13 (15)

978-625-5519-15-3

Details about the available publication format: PDF

PDF

ISBN-13 (15)

978-625-5519-15-3

Details about the available publication format: PDF

PDF

ISBN-13 (15)

978-625-5519-15-3

Details about the available publication format: PDF

PDF

ISBN-13 (15)

978-625-5519-15-3