Tuckman, The Art of TSM: Volatility & Distribution is a 39 minute instructional video analyzing the following concepts:
* Describe the short-term rate process under a model with time-dependent volatility (Model 3).
* Calculate the short-term rate change and describe the behavior of the standard deviation of the change of the rate using a model with time dependent volatility.
* Describe the effectiveness of time-dependent volatility models.
* Describe the short-term rate process under the Cox-Ingersoll-Ross (CIR) and Lognormal models.
* Calculate the short-term rate change and describe the basis point volatility using the CIR and Lognormal models.
* Describe lognormal models with deterministic drift and mean reversion.