How to find interpolating polynomial equation using Newton backward interpolation formula
In this video explained How to find interpolating polynomial equation using Newton backward interpolation formula. This example is very interesting and simple and easy example. This method is in numerical method topic. Financial modeling: Newton's interpolation formula is used to construct a yield curve from a set of bond prices. The yield curve is used to estimate the future behavior of interest rates and to value financial instruments such as bonds and options.
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