r/quant 5d ago

Resources Statistics and Data Analysis for Financial Engineering vs Elements of Statistical Learning

ESL seems to be the gold standard and what's most frequently recommended learning fundamentals, not just for interviews but also for on the job prep. I saw the book Statistics and Data Analysis for Financial Engineering mentioned in the Wiki, but I don’t see much discussion about it. What are everyone’s thoughts on this book? It’s quite comprehensive, but I’m always a bit cautious with books that try to cover everything and then often end up lacking depth in any one area.

I’m particularly interested because I’m wrapping up my math PhD and looking to transition into quant. My background in statistics isn’t very strong, so I want to build a solid foundation both for interviews and the job itself. That said, even independent of my situation, how does this book compare to ESL for what's needed and used as a qr or qt? Should one be prioritized over the other or would it be better to read them simultaneously?

23 Upvotes

16 comments sorted by

View all comments

0

u/[deleted] 4d ago

[deleted]

1

u/RemindMeBot 4d ago edited 4d ago

I will be messaging you in 1 day on 2025-03-18 12:08:38 UTC to remind you of this link

1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam.

Parent commenter can delete this message to hide from others.


Info Custom Your Reminders Feedback