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)
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)
