Compara mètodes

	Model DCC-GARCH amb paràmetres variables en el temps (TVP-DCC-GARCH)	Model de Factors Dinàmics
Camp	Econometria	Econometria
Família	Regression model	Regression model
Any d'origen	2002 (DCC-GARCH); TVP extension 2010s	2002
Autor original	Robert F. Engle (DCC-GARCH); TVP extension developed in applied finance literature	James Stock & Mark Watson
Tipus	Multivariate volatility model with time-varying correlation	Latent-factor time-series model
Font seminal	Engle, R. (2002). Dynamic conditional correlation: A simple class of multivariate generalized autoregressive conditional heteroskedasticity models. Journal of Business and Economic Statistics, 20(3), 339-350.	Stock, J. H., & Watson, M. W. (2002). Macroeconomic forecasting using diffusion indexes. Journal of Business & Economic Statistics, 20(2), 147–162.
Àlies	TVP-DCC-GARCH, time-varying DCC-GARCH, dynamic conditional correlation GARCH with TVP, TVP dynamic conditional correlation model	Diffusion Index Model, Large-Scale Factor Model, Approximate Factor Model, Dinamik Faktör Modeli
Relacionats	4	2
Resum	The TVP-DCC-GARCH model extends the Dynamic Conditional Correlation GARCH framework by allowing not only the pairwise correlations but also the underlying model parameters to evolve continuously over time. It captures structural shifts in volatility dynamics and cross-asset dependence, making it essential for financial risk modelling in non-stationary environments.	A Dynamic Factor Model (DFM) extracts a small number of latent common factors from a large panel of economic time series and uses those factors to forecast or nowcast a target variable. Formalized for macroeconomic forecasting by James Stock and Mark Watson in their 2002 Journal of Business & Economic Statistics paper, DFMs handle hundreds of indicators simultaneously while avoiding the curse of dimensionality that plagues traditional multivariate models.