Question
Why are GARCH models are likely to be more useful models than ARMA type models for modelling time series of financial returns?
Why are GARCH models are likely to be more useful models than ARMA type models for modelling time series of financial returns?
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
