{"paper":{"title":"The explicit solution and precise distribution of CKLS model under Girsanov transform","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"math.PR","authors_text":"Chong Zhang, Guangqiang Lan, Yunjiao Hu","submitted_at":"2014-10-09T06:10:51Z","abstract_excerpt":"We study the relation between CKLS model and CIR model. We prove that under a suitable transformation, any CKLS model of order $\\frac{1}{2}<\\gamma<1$ or $\\gamma> 1$ corresponds to a CIR model under a new probability space. Moreover, we get the explicit solution and the precise distribution of the CKLS model at any time $t$ under the new probability measure. We also give the moment estimation of CKLS model."},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1410.2364","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}