<mjx-container class="MathJax CtxtMenu_Attached_0" jax="CHTML" tabindex="0" ctxtmenu_counter="0" style="font-size: 113.1%; position: relative;"><mjx-math class="MJX-TEX" aria-hidden="true"><mjx-msub><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D45D TEX-I"></mjx-c></mjx-mi><mjx-script style="vertical-align: -0.15em;"><mjx-texatom size="s" texclass="ORD"><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D456 TEX-I"></mjx-c></mjx-mi><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D457 TEX-I"></mjx-c></mjx-mi></mjx-texatom></mjx-script></mjx-msub></mjx-math><mjx-assistive-mml unselectable="on" display="inline"><math xmlns="http://www.w3.org/1998/Math/MathML"><msub><mi>p</mi><mrow data-mjx-texclass="ORD"><mi>i</mi><mi>j</mi></mrow></msub></math></mjx-assistive-mml></mjx-container> and <mjx-container class="MathJax CtxtMenu_Attached_0" jax="CHTML" tabindex="0" ctxtmenu_counter="1" style="font-size: 113.1%; position: relative;"><mjx-math class="MJX-TEX" aria-hidden="true"><mjx-msub><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D45D TEX-I"></mjx-c></mjx-mi><mjx-script style="vertical-align: -0.15em;"><mjx-texatom size="s" texclass="ORD"><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D457 TEX-I"></mjx-c></mjx-mi><mjx-mi class="mjx-i"><mjx-c class="mjx-c1D456 TEX-I"></mjx-c></mjx-mi></mjx-texatom></mjx-script></mjx-msub></mjx-math><mjx-assistive-mml unselectable="on" display="inline"><math xmlns="http://www.w3.org/1998/Math/MathML"><msub><mi>p</mi><mrow data-mjx-texclass="ORD"><mi>j</mi><mi>i</mi></mrow></msub></math></mjx-assistive-mml></mjx-container> bottom of page 155 Financial risk forecasting errata

$p_{i j}$ and $p_{j i}$ bottom of page 155

June 5, 2012

My FM320 student, Bide Liu, spotted that I should have $p_{j i}$ and not $p_{i j}$ in the penultimate equation on page 155. It should read like $p_{j i} = Pr (η_{t} = i | η_{t - 1} = j)$

standard deviation not variance on page 44

LR ratio in (8.4) page 154

pij and pji bottom of page 155

June 5, 2012

Financial Risk Forecasting

$p_{i j}$ and $p_{j i}$ bottom of page 155