Picture of E. Melnick


Stern School of Business
New York University

44 West 4th St. MEC 8-56
New York, NY 10012
Ph.(212)998-0444 Fax:(212)995-4003

Courses Taught

Research Interests

  • Introduction to the Theory of Probability
  • Forecasting Time Series Data
  • Advanced Theory of Statistics
  • Statistical Influence and Regression
  • Time Series Analysis
  • Forecasting
  • Theory of Estimation
  • Information Theory



Academic Background

PhD, Mathematical Statistics, 1970

George Washington University

MS, Mathematics, 1963

Virginia Polytechnic University

BA, Psychology, 1960

Lehigh University




Edward Melnick is Professor of Statistics and former Chair of the Department of Statistics and Operations Research at Leonard N. Stern School of Business, New York University.



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 with catastrophic consequences.


Professor Melnick has published 5 books:


  1. Creating Value in Financial Services
  2. 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 Journal of Time Series Analyses, Management Science, Journal of Advertising Research, Journal of Applied Probability and IEEE Transactions on Information Theory, Contingency.


Research Honors


  1. Fellow of the American Statistical Association
  2. Fellow of the Royal Statistical Society
  3. Elected Member of the International Statistical Institute
  4. Invited Member of Project Oversight Group (research section of the Society of Actuaries)


Teaching Honors


  1. Faculty Member of the Year Gallatin School at NYU
  2. Excellence in Teaching Award at the Stern School of Business NYU
  3. Excellence in Teaching Award for the Executive MBA Program in Finance (won 13 times)
  4. New York University Distinguished Teaching Award


Other Activities


  1. Provides consulting services to industry, financial organizations, and government
  2. Provides expert witness testimony
  3. Provides statistical opinions to the popular press
  4. Former Chairman of Risk, section of the American Statistical Association
  5. Associate Editor of the Journal of Forecasting

Course Syllabi



Stern School of Business