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DCC-GARCH (동적 조건부 상관관계)×단순 및 이중 지수 평활법 (SES / Holt)×
분야재무학계량경제학
계열Regression modelRegression model
기원 연도20021957
창시자Robert F. EngleRobert G. Brown (SES); Charles C. Holt (linear trend)
유형Multivariate volatility modelExponential smoothing forecasting model
원전Engle, R. (2002). Dynamic Conditional Correlation: A Simple Class of Multivariate GARCH Models. Journal of Business & Economic Statistics, 20(3), 339-350. DOI ↗Brown, R. G. (1959). Statistical Forecasting for Inventory Control. McGraw-Hill. link ↗
별칭dynamic conditional correlation, Engle DCC, multivariate GARCH, DCC-GARCH — Dinamik Koşullu KorelasyonSES, Holt's linear trend method, exponential smoothing forecasting, Basit ve Çift Üstel Düzleştirme (SES / Holt)
관련53
요약DCC-GARCH is Engle's (2002) multivariate volatility model that lets the correlations between several assets change over time. A separate univariate GARCH model is fitted to each series, and then the dynamic correlation matrix is estimated in a second, separate step.Exponential smoothing is a family of basic time-series forecasting models in which each new observation updates a smoothed estimate by a weighting parameter. Simple exponential smoothing (SES), introduced by Robert G. Brown in 1959, forecasts series with a stable level, while Holt's double exponential smoothing, introduced by Charles C. Holt in 1957, adds a trend term using the parameters alpha and beta.
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