Research Article
Modeling the Dynamics of Shanghai Interbank Offered Rate Based on Single-Factor Short Rate Processes
Table 3
Results of the Vuong test.
| | | Merton | GBM | Vasicek | CIR | MRJD |
| | Merton | — | 4.180489 | 2.241832 | 4.799925 | 4.317839 | | GBM | — | — | 3.370632 | 3.110825 | 3.799735 | | Vasicek | — | — | — | 2.012456 | 2.482186 | | CIR | — | — | — | — | 3.302152 | | MRJD | — | — | — | — | — |
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