विधियों की तुलना करें

	बेट्स मॉडल	स्थानीय अस्थिरता (Dupire)
क्षेत्र	मात्रात्मक वित्त	मात्रात्मक वित्त
परिवार	Regression model	Regression model
उद्भव वर्ष	1996	1994
प्रवर्तक	David S. Bates	Bruno Dupire
प्रकार	Equity/FX Model	Equity/FX Model
मौलिक स्रोत	Bates, D. S. (1996). Jumps and stochastic volatility: Exchange rate processes implicit in Deutsche Mark options. Review of Financial Studies, 9(1), 69-107.	Dupire, B. (1994). Pricing with a smile. Risk Magazine, 7(1), 18-20.
उपनाम	SVJ Model, Jump Diffusion	Deterministic Volatility Function, DVF
संबंधित	4	4
सारांश	The Bates model (1996) combines stochastic volatility and jump diffusion to capture both the volatility smile and the implied volatility skew observed in equity and currency option markets. It extends the Heston model by adding a Poisson jump component to returns, making it suitable for pricing options when sudden price moves are expected.	Dupire's local volatility model (1994) is a deterministic framework that extracts a term and strike-dependent volatility function from market option prices. Unlike constant volatility, local volatility perfectly fits the observed implied volatility smile and is implemented via finite difference methods for European and American option pricing.