This paper characterizes, interprets, and tests the over-identifying restrictions imposed in affine models of the term" structure. Letting r(t) = Y(t), where Y is an unobserved vector affine process,
The validation of a simulation model is a crucial task in model development. It involves the comparison of simulation data to observation data and the identification of suitable...
Mean absolute values computed as the difference between the given by each technique and the real one. Average and standard deviation computed following the same method that for table 1.
