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EGARCH 모형 (Exponential GARCH)×조건부 분위수 회귀×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도19911978
창시자Daniel B. NelsonKoenker & Bassett
유형Volatility / conditional variance modelConditional quantile regression
원전Nelson, D. B. (1991). Conditional heteroskedasticity in asset returns: A new approach. Econometrica, 59(2), 347–370. DOI ↗Koenker, R. & Bassett, G., Jr. (1978). Regression Quantiles. Econometrica, 46(1), 33-50. DOI ↗
별칭Exponential GARCH, EGARCH, Nelson EGARCH, log-GARCHconditional quantile regression, regression quantiles, Kantil Regresyon
관련65
요약The Exponential GARCH (EGARCH) model, introduced by Nelson (1991), extends the standard GARCH framework by modelling the logarithm of conditional variance. This ensures variance is always positive without parameter constraints and, crucially, allows negative and positive shocks to have asymmetric effects on volatility — capturing the well-known leverage effect in financial markets.Quantile regression models conditional quantiles of an outcome - the median, the 25th or 75th percentile, and so on - rather than the conditional mean that OLS targets. Introduced by Koenker and Bassett in 1978, it reveals how predictors act across the whole distribution, including its tails.
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