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Somayeh Kokabisaghi, Eric J. Pauwels, Katrien Van Meulder and André B. Dorsman
The CKLS process (introduced by Chan, Karolyi, Longstaff, and Sanders) is a typical example of a mean-reverting process. It combines random fluctuations with an elastic attraction force that tends to restore the process to a central value. As such, it is...
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