News Column

Studies from Hunan University Have Provided New Information about Applied Analysis

June 27, 2014

By a News Reporter-Staff News Editor at Science Letter -- A new study on Applied Analysis is now available. According to news reporting out of Changsha, People's Republic of China, by NewsRx editors, research stated, "With the development of the Chinese interest rate market, SHIBOR is playing an increasingly important role. Based on principal component analysing SHIBOR, a two-factor Vasicek model is established to portray the change in SHIBOR with different terms."

Our news journalists obtained a quote from the research from Hunan University, "And parameters are estimated by using the Kalman filter. The model is also used to fit and forecast SHIBOR with different terms."

According to the news editors, the research concluded: "The results show that two-factor Vasicek model fits SHIBOR well, especially for SHIBOR in terms of three months or more."

For more information on this research see: Studying Term Structure of SHIBOR with the Two-Factor Vasicek Model. Abstract and Applied Analysis, 2014;():1-7. Abstract and Applied Analysis can be contacted at: Hindawi Publishing Corporation, 410 Park Avenue, 15TH Floor, #287 Pmb, New York, NY 10022, USA. (Hindawi Publishing -; Abstract and Applied Analysis -

Our news journalists report that additional information may be obtained by contacting C.Q. Ma, Hunan Univ, Sch Business, Changsha 410082, Hunan, People's Republic of China. Additional authors for this research include J. Liu and Q.J. Lan (see also Applied Analysis).

Keywords for this news article include: Asia, Changsha, Applied Analysis, People's Republic of China

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Source: Science Letter

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