COURSES CONTENT – MINIMUM TEACHING HOURS
Α’ semester – COMPULSORY
Probability and Statistical Inference – 36 hours
Basic probability distributions, introduction to stochastic processes, probability, sufficiency,
hypothesis testing, statistical theory and applications.
Computational Statistics – 36 hours
Databases, designing and managing with appropriate and up-to-date tools and ideas from the
Business intelligence, R applications and other modern data visualization techniques.
Generalized Linear Models – 36 hours
Generalized Linear Models theory, use in statistical modeling and in categorical data analysis.
Extension to correlated data, mixed effects and GLMM models.
Data Analysis – 36 hours
Statistical applications in Linear Regression, in analysis of variance, contemporary statistical
applications in big data using R.
Β’ semester – OPTIONAL
A) Applied Statistics
Time Series – 18 hours
Basic theory of time series analysis, AR, MA, ARMA models as well as parametric and non parametric
decomposition of time series components and its applications.
Biostatistics – 18 hours
Basic principles of survival functions, parametric and non parametric survival data modeling and its
applications.
Advanced Methods in Survey Sampling – 18 hours
Basic sampling theory in finite populations, subpopulation parameter estimation, using auxiliary
information in parameter estimation, variance estimation in surveys with a complex sample design
and non response estimation techniques and imputation techniques.
Applied Stochastic Modeling – 18 hours
This course introduces contemporary statistical methods for data analysis. These methods have
applications in the natural and social sciences and allow modeling of complex data using modern
inference techniques based on simulation, numerical methods and other computational or other
tools.
Topics in Applied Statistics: Population models – 18 hours
The role of demographic statistics is examined. Population characteristics are presented,
demographic measures, life tables, parametric and non parametric modeling of demographic data.
B) Computational Statistics
Bayesian Statistics – 18 hours
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The basic principles of Bayesian Statistical and its applications are presented
Financial Econometrics – 18 hours
This course provides a broad introduction to the theory and empirical analysis of advanced
econometric models in financial applications such as the construction of optimal portfolios, the
assessment of the performance of managers and the forecasting of economic time series. The course
introduces multifactorial models, which can be used to estimate the expected returns of economic
time series and multi factorial heteroscedasticity models, which can be used to model covariances /
correlations of financial returns. Indicative examples where these advanced econometric models and
techniques are applied are (a) constructing optimal portfolios; (b) the evaluation of the performance
of the various hedge fund or hedge fund mutual funds; (c) stock returns.
Statistical Learning – 18 hours
This course is about extracting information from data using statistical models. It includes a variety of
methods for data clustering, observation classification as well as the necessary theoretical
background to be able to evaluate the process and the extracted information.
Statistics for Big Data – 18 hours
The course deals with the differentiations, challenges and alterations of known statistical methods in
modern problems with a large amount of data but also with unstructured data. The lectures present
these changes as well as methods for network data, problems such as multiplicity, regression for
large-scale data, regularization and other contemporary techniques.
Topics in Computational Statistics: Statistical Process Control – 18 hours
Principals of statistical quality control, including the six sigma methodology, control charts
characteristics, EWMA and CUSUM control charts and their extensions to correlated or multivariate
data.
Γ) Stochastics
Probability Theory – 18 hours
The general framework of Probability theory is presented, emphasizing on the kinds of stochastic
convergence, corresponding limit theorems and the general form of probability measures in the
actual Borel conjecture.
Advanced Stochastic Processes – 18 hours
Principles of stochastic processes are presented. Among those introduced are martingales in discrete
and continuous time, the Markov property, Poisson processes, the Brown movement, Ito’s stochastic
integral and its properties. Finally, the basic theory of stochastic differential equations is presented.
Stochastic Models in Finance – 18 hours
This course introduces the theory of some important stochastic models in finance, like the
Black-Scholes model, as well as other models for pricing financial products. It also introduces the
necessary theory of stochastic differential equations for researching these models.
Stochastic Models in Operations Research – 18 hours
This lesson introduces and analyzes stochastic models that we encounter in queue theory, queue
networks, inventory control. There are also discussed and analyzed ways to find the optimal policy to
control a stochastic process.
Topics in Stochastics: Actuarial – 18 hours
Section A
Basic Principle of Risk theory. Individual and aggregated models for risks. Ruin
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theory. Reinsurance: basic principles and typical models. Risk approaches under Solvency II.
Section B
Basic principles for an insurance company for general insurance. Valuation of insurance products.
Methods of calculating reserves in general insurance: Classical triangulation methods for reserve,
stochastic reserve models. Bonus Malus type of models
Section C
Basic principles for an insurance company for Life insurance. Classical approach for valuation and
profit testing. Classical and stochastic approaches for reserves. Basic principles for Pension systems.
Actuarial balance. Asset-Liability Management
