with the estimation from the simulated process, though the BC method shows smaller deviations in case of high interest rate …

portfolios. This paper proposes a new estimation and inference framework for these option-implied term structures that addresses … nonparametric. New confidence intervals quantify the term structure estimation error. The framework is applied to estimating the …

individually. We present the conditional maximum likelihood estimation (MLE) method for fitting asset price processes to empirical … properties of the proposed model, its parameter estimation using the MLE method and least-squares technique, the evaluation of … estimation and evaluation methodologies. Computational results are compared with Monte Carlo estimates. …