Saddlepoint Approximations ith Applications [Hardcover]

This book explains how approximate probability calculations make complex models tractable, with clear, simple explanations and real data examples.This book explains in simple language how saddlepoint approximations make computations of probabilities tractible for complex models. No previous background in the area is required as the book introduces the subject from the very beginning. Many real data examples show the methods at work. For statisticians, biostatisticians, electrical engineers, econometricians, and applied mathematicians.This book explains in simple language how saddlepoint approximations make computations of probabilities tractible for complex models. No previous background in the area is required as the book introduces the subject from the very beginning. Many real data examples show the methods at work. For statisticians, biostatisticians, electrical engineers, econometricians, and applied mathematicians.Modern statistical methods use complex, sophisticated models that can lead to intractable computations. Saddlepoint approximations can be the answer. Written from the user's point of view, this book explains in clear language how such approximate probability computations are made, taking readers from the very beginnings to current applications. The core material is presented in chapters 1-6 at an elementary mathematical level. Chapters 7-9 then give a highly readable account of higher-order asymptotic inference. Later chapters address areas where saddlepoint methods have had substantial impact: multivariate testing, stochastic systems and applied probability, bootstrap implementation in the transform domain, and Bayesian computation and inference. No previous background in the area is required. Data examples from real applications demonstrate the practical value of the methods. Ideal for graduate students and researchers in statistics, biostatistics, electrical engineering, econometrics, and applied mathematics, this is both an entry-level text and al“%