A continuous time version of the CAPM was developed by Oliver (1997).

Name: A continuous time version of the CAPM was developed by Oliver (1997).
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Although the CAPM can be applied on a rolling basis given certain assumptions (Fama and Macbeth 1974),a continuous time CAPM model has also been derived (Merton 1973).The continuous time CAPM is quite complex,and it tends not to be used in practice.

A Continuous Time Version of the CAPM Was Developed by Oliver