3. What is a logistic function? What is its characteristic shape? Why has it become the accepted...
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3. What is a logistic function? What is its characteristic shape? Why has it become the accepted norm in describing the pattern of cumulative defaults and losses on static pools? Explain the significance of each element in the formula for the cumulative loss curve provided in this chapter.
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Related Book For 
Elements Of Structured Finance
ISBN: 9780195179989
1st Edition
Authors: Ann Rutledge, Sylvain Raynes
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