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ब्याज दर मॉडल (वासिसेक, सीआईआर, नेल्सन-सीगल)×ब्लैक-लिटरमैन पोर्टफोलियो मॉडल×
क्षेत्रवित्तवित्त
परिवारRegression modelRegression model
उद्भव वर्ष19771992
प्रवर्तकVasicek (1977); Nelson & Siegel (1987)Fischer Black & Robert Litterman
प्रकारTerm-structure / short-rate modelBayesian portfolio allocation model
मौलिक स्रोतVasicek, O. (1977). An Equilibrium Characterization of the Term Structure. Journal of Financial Economics, 5(2), 177–188. DOI ↗Black, F. & Litterman, R. (1992). Global Portfolio Optimization. Financial Analysts Journal, 48(5), 28-43. DOI ↗
उपनामterm structure models, short-rate models, yield curve models, Vasicek modelBlack-Litterman, BL model, Black-Litterman Portföy Modeli
संबंधित55
सारांशInterest rate models are structural models that describe how interest rates evolve over time within a stochastic differential equation framework. The family covers Vasicek's normal short-rate process (1977), the CIR square-root process, the adjustable Hull-White extension, and the Nelson-Siegel approach to fitting the yield curve (1987).The Black-Litterman model, introduced by Fischer Black and Robert Litterman in 1992, is a Bayesian portfolio allocation framework that blends market-equilibrium returns with an investor's own views to produce more stable, intuitive portfolios. It was designed to cure the extreme concentration and input sensitivity of classical Markowitz mean-variance optimisation.
ScholarGateडेटासेट
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  1. v1
  2. 2 स्रोत
  3. PUBLISHED

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