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Heston/slmm model

Joined
10/9/18
Messages
1
Points
11
Hi all,

I am not a quant but sometimes need to understand some models in my line of work. Is anyone able to give me a quick rundown (in layman's terms) of what the heston model/slmm model is used for and what kind of products they model as well as when we should them?

(this is probably a simple q for many of you so thanks in advance)
 
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