As a common interest rate model,CEV model (Constant Elasticity of Variance Model) has been widely used in the real life analysis. However,its unit root test has long been ignored or at most Dickey?Fuller Test is accepted as a valid test.

 
  • CEV模型(ConstantElasticityofVarianceModel)作為常用的利率模型,在實(shí)證分析中得到了廣泛運用,但是其單位根檢驗一直被忽略或者被默認可以使用迪基-富勒檢驗。
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