পদ্ধতির তুলনা করুন

	ননলিনিয়ার এআরসিএইচ মডেল (NARCH)	Heston (১৯৯৩) প্রবর্তিত স্টোকাস্টিক ভলাটিলিটি মডেল
ক্ষেত্র	অর্থমিতি	অর্থায়ন
পরিবার	Regression model	Regression model
উদ্ভবের বছর	1992	1993
প্রবর্তক	Higgins & Bera	Steven L. Heston
ধরন	Volatility model	Continuous-time stochastic volatility model
মৌলিক উৎস	Higgins, M. L., & Bera, A. K. (1992). A class of nonlinear ARCH models. International Economic Review, 33(1), 137-158.	Heston, S. L. (1993). A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options. Review of Financial Studies, 6(2), 327-343.
অপর নাম	NARCH, Nonlinear ARCH, nonlinear conditional heteroscedasticity model, NARCH model	Heston model, SV model, continuous-time stochastic volatility, Stokastik Volatilite Modeli (Heston, SV)
সম্পর্কিত	4	5
সারসংক্ষেপ	The Nonlinear ARCH (NARCH) model, introduced by Higgins and Bera (1992), extends Engle's original ARCH framework by allowing the power transformation of volatility to be estimated from the data rather than fixed at two. This flexibility captures a broader class of volatility dynamics observed in financial and macroeconomic time series.	The stochastic volatility model is a continuous-time option-pricing and risk framework in which volatility follows its own random process rather than staying constant. The Heston model, introduced by Steven Heston in 1993, gives the variance a mean-reverting square-root (CIR) dynamic and yields a closed-form option price; it is the continuous-time counterpart of GARCH.