What is the meaning of empirical duration?

Showing "empirical duration" (corrected from "effective duration, empirical duration and partial duration") | add "effective duration, empirical duration and partial duration" definition

empirical duration is a measure of duration calculated by "backing into" the duration value using changes in observed market prices resulting from changes in prevailing rate.

Barry Goldsmith
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|15 years ago|580 views|share |citing 
APABarry Goldsmith. (2010). empirical duration. Retrieved September 23, 2026, from http://smartdefine.org/empirical_duration/definitions/1152899
ChicagoBarry Goldsmith. 2010. "empirical duration" http://smartdefine.org/empirical_duration/definitions/1152899 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, empirical duration, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/empirical_duration/definitions/1152899>.
MLABarry Goldsmith. "empirical duration" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/empirical_duration/definitions/1152899>