The intuition tag has no wiki summary.
12
votes
5answers
3k views
What is the intuition behind cointegration?
What is the intuition behind cointegration? What does the Dickey-Fuller test do to test for it? Ideally, a non-technical explanation would be appreciated.
Say you need to explain it to an investor ...
7
votes
1answer
1k views
Easiest and most accessible derivation of Black-Scholes formula
I am preparing a QuantFinance lecture and I am looking for the easiest and most accessible derivation of the Black-Scholes formula (NB: the actual formula, not the differential equation).
My favorite ...
