विधियों की तुलना करें

	नॉनलीनियर आर्क मॉडल (NARCH)	स्टोकेस्टिक वोलैटिलिटी मॉडल (हेस्टन)
क्षेत्र	अर्थमिति	वित्त
परिवार	Regression model	Regression model
उद्भव वर्ष	1992	1993
प्रवर्तक	Higgins & Bera	Steven L. Heston
प्रकार	Volatility model	Continuous-time stochastic volatility model
मौलिक स्रोत	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.
उपनाम	NARCH, Nonlinear ARCH, nonlinear conditional heteroscedasticity model, NARCH model	Heston model, SV model, continuous-time stochastic volatility, Stokastik Volatilite Modeli (Heston, SV)
संबंधित	4	5
सारांश	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.