A Scientific Classification of Volatility Models

Modeling volatility, or “predictable changes” over time and space in a variable, is crucial in the natural and social sciences. Life can be volatile, and anything that matters, and which changes over time and space, involves volatility. Without volatility, many temporal and spatial variables would s...

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Detalles Bibliográficos
Autores: Caporin, Massimiliano, McAleer, Michael
Tipo de recurso: informe técnico
Fecha de publicación:2009
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/49251
Acceso en línea:https://hdl.handle.net/20.500.14352/49251
Access Level:acceso abierto
Palabra clave:Estadística matemática (Estadística)
1209 Estadística
Descripción
Sumario:Modeling volatility, or “predictable changes” over time and space in a variable, is crucial in the natural and social sciences. Life can be volatile, and anything that matters, and which changes over time and space, involves volatility. Without volatility, many temporal and spatial variables would simply be constants. Our purpose is to propose a scientific classification of the alternative volatility models and approaches that are available in the literature, following the Linnaean taxonomy. This scientific classification is used because the literature has evolved as a living organism, with the birth of numerous new species of models.