The probability distribution of the number of defaults plays an important role in pricing problems of multiple-name credit derivatives. When the group size gets large, it becomes increasingly ...

This paper presents recursive formulas which admit simultaneous tests of stability and evaluation of quadratic loss functions for linear discrete-time dynamical systems. The method admits a ...

This article develops a recursive programming model of individual farm changes which includes explicitly savings, investments, and growth. Recursive programming as a sequential optimizing rule with a ...

Microsoft is adding the Python programming language to Microsoft Excel, allowing users to create powerful functions for analyzing and manipulating data. The public preview of the feature is now ...