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지수적 GARCH (EGARCH)×일반화 자기회귀 조건부 이분산성 (GARCH)×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도19911986
창시자NelsonTim Bollerslev
유형Conditional volatility model (asymmetric GARCH variant)Conditional volatility model
원전Nelson, D. B. (1991). Conditional Heteroskedasticity in Asset Returns: A New Approach. Econometrica, 59(2), 347-370. DOI ↗Bollerslev, T. (1986). Generalized Autoregressive Conditional Heteroskedasticity. Journal of Econometrics, 31(3), 307-327. DOI ↗
별칭exponential GARCH, Nelson's EGARCH, asymmetric GARCH, EGARCH — Üstel GARCHGARCH(1,1), generalized ARCH, conditional volatility model, GARCH Modeli
관련45
요약EGARCH is an asymmetric GARCH variant, introduced by Nelson in 1991, that models the leverage effect in which bad news raises volatility more than good news of the same size. It captures the negative-shock asymmetry of financial return series by modelling the logarithm of the conditional variance.GARCH is an econometric model for the time-varying volatility of financial time series, introduced by Tim Bollerslev in 1986 as a generalisation of Engle's ARCH model. It treats the conditional variance as a function of past squared shocks and past variances, capturing the volatility clustering seen in returns.
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