精选优质文档-倾情为你奉上Omitted variable bias occurs when the omitted variable is correlated with the included regressor and is a determinant of the dependent variable.volatilityShort hedge position=Long the basisHedging is to for sure that the change of the interest rate will not infect the value of the contract. Benefit依次是：0、0.5、1、0.5利率由前一个swap date决定6-month LIBOR的表示方法，依然是年华的，需要折算Current balance is the PV of the pool.
