NO.PZ202001030300001402
问题如下:
An analyst is using the following exponential function to model corporate default rates:
where y is the number of years.
b. What is the cumulative probability of default within the first ten years given that the company has survived for five years?
选项:
解释:
We need to divide the marginal probability of default between years five and ten:
By the SURVIVAL probability through year five(1-result from Q1).
请问这个SURVIVAL probability的公式应该怎么理解呀?谢谢老师