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Model Robust Dynamic Conditional Correlation GARCH (Robust DCC-GARCH)

Model Robust DCC-GARCH memperluas kerangka Dynamic Conditional Correlation Engle (2002) dengan mengganti estimasi quasi-maximum likelihood standar dengan teknik yang tahan terhadap pencilan (outlier-resistant) atau teknik composite-likelihood. Hal ini mempertahankan estimasi korelasi yang bervariasi terhadap waktu secara akurat bahkan ketika data imbal hasil keuangan mengandung observasi ekstrem, ekor tebal (heavy tails), atau ketidakteraturan struktural.

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Sumber

  1. Engle, R. F. (2002). Dynamic conditional correlation: A simple class of multivariate generalized autoregressive conditional heteroskedasticity models. Journal of Business and Economic Statistics, 20(3), 339–350. DOI: 10.1198/073500102288618487
  2. Pakel, C., Shephard, N., Sheppard, K., & Engle, R. F. (2021). Fitting vast dimensional time-varying covariance models. Journal of Business and Economic Statistics, 39(3), 652–668. DOI: 10.1080/07350015.2020.1713795

Cara menyitasi halaman ini

ScholarGate. (2026, June 3). Robust Dynamic Conditional Correlation GARCH Model. ScholarGate. https://scholargate.app/id/econometrics/robust-dcc-garch

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ScholarGateRobust DCC-GARCH (Robust Dynamic Conditional Correlation GARCH Model). Diakses 2026-06-15 dari https://scholargate.app/id/econometrics/robust-dcc-garch · Set data: https://doi.org/10.5281/zenodo.20539026