The Libor Market Model is most often implemented by means of

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The Libor Market Model is typically implemented by Monte Carlo simulation, which involves generating random variables and simulating the evolution of the yield curve over time. This approach allows for complex models with many underlying factors and is widely used in the industry for pricing interest rate derivatives. The other options, such as binomial or trinomial trees, are not as commonly used for interest rate derivatives pricing, and a closed-form approximation equation is not generally feasible for complex models like the Libor Market Model.

The Libor Market Model Is Most Often Implemented by Means