We forecast the term structure of U.S. Treasury zero-coupon bond yields by analyzing a range of models that have been used in the literature. We assess the relevance of parameter uncertainty by examining the added value of using Bayesian inference compared to frequentist estimation techniques,...

The use of nonlinear dynamic models in economics and finance hasexpanded rapidly in the last two decades.Numerical simulation is crucial in the investigationof nonlinear systems.E&FChaos is an easy-to-use and freely available softwarepackage for simulation of nonlinear dynamic models to...