Shmoop Finance

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Word of the day: Cox-Ingersoll-Ross Model - CIR

The Cox-Ingersoll-Ross Model is a gross looking (differential) equation that would probably look like Chinese to those of us who don’t have PhDs in math (i.e. most of us).

It’s used to predict interest rate changes by focusing on how risky and volatile the market is at that time.

* Coming soon...ish