Edward L. Melnick

Edward L. Melnick

Joined Stern 1969

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 8-56
New York, NY 10012

E-mail elm1@stern.nyu.edu
Personal website


Edward Melnick is Professor of Statistics and former Chair of the Department of Statistics and Operations Research at New York University Stern School of Business. Professor Melnick's research focuses on the formulation of analytical models and the development of statistical methodology needed to analyze them. His research has been primarily in the study of order statistics and the analysis and modeling of time series data. The applications of this work have been in the area of risk -- the occurrence of low probability events that result in catastrophic consequences.

Professor Melnick has published five books:

- Creating Value in Financial Services
- The four volume Encyclopedia of Quantitative Risk Analysis and Assessment (Wiley Blackwell 2008). "Valuable reference work... and a rather beautiful work." (David Hand, International Statistical Review, Volume 77, Issue 2, p. 314).

His publications appear in such journals as the Journal of Time Series Analyses, Management Science, Journal of Advertising Research, Journal of Applied Probability and IEEE Transactions on Information Theory, Contingency.

Research Honors

- Fellow of the American Statistical Association
- Fellow of the Royal Statistical Society
- Elected Member of the International Statistical Institute
- Invited Member of Project Oversight Group (research section of the Society of Actuaries), from 2009-2014

Teaching Honors

- Faculty Member of the Year, NYU Gallatin School
- Excellence in Teaching Award, NYU Stern School of Business
- Excellence in Teaching Award for the Executive M.B.A. Program in Finance - won 13 times
- Distinguished Teaching Award, NYU

Other Activities

- Provides consulting services to industry, financial organizations and government
- Provides expert witness testimony
- Provides statistical opinions to the popular press
- Former Chairman of Risk, section of the American Statistical Association
- Editor of Journal of Bioterrorism and Biodefense
- Associate Editor of Journal of Forecasting
-Chair of Statistics in Defense and National Security (SDNS)

Research Interests

  • Time Series Analysis
  • Forecasting
  • Theory of Estimation
  • Information Theory
  • Quantitative Risk Analysis and Assessment

Courses Taught

  • Advanced Theory of Statistics
  • Forecasting Time Series Data
  • Introduction to the Theory of Probability
  • Statistical Inference and Regression

Academic Background

Ph.D., Mathematical Statistics, 1970
George Washington

M.S., Mathematics, 1963
Virginia Polytechnic

B.A., Psychology, 1960

Areas of Expertise

Technology, Operations & Statistics

  • Statistics