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	DCC-GARCH (Динамична условна корелација)	GJR-GARCH (Asimetrični GARCH)	Panel EGARCH	Модел фиксних ефеката панелних података
Oblast	Finansije	Ekonometrija	Ekonometrija	Ekonometrija
Porodica	Regression model	Regression model	Regression model	Regression model
Godina nastanka	2002	1993	1991 (EGARCH); panel extensions widely used from 2000s	2014
Tvorac	Robert F. Engle	Glosten, Jagannathan & Runkle (1993); Zakoian (1994)	Daniel B. Nelson (EGARCH); panel extension by applied econometrics literature	Hsiao (textbook treatment); within transformation of panel data
Tip	Multivariate volatility model	Asymmetric conditional volatility model	Volatility model	Panel data regression
Temeljni izvor	Engle, R. (2002). Dynamic Conditional Correlation: A Simple Class of Multivariate GARCH Models. Journal of Business & Economic Statistics, 20(3), 339-350.	Glosten, L. R., Jagannathan, R. & Runkle, D. E. (1993). On the Relation Between the Expected Value and the Volatility of the Nominal Excess Return on Stocks. The Journal of Finance, 48(5), 1779-1801.	Nelson, D. B. (1991). Conditional heteroskedasticity in asset returns: A new approach. Econometrica, 59(2), 347–370.	Hsiao, C. (2014). Analysis of Panel Data (3rd ed.). Cambridge University Press.
Drugi nazivi	dynamic conditional correlation, Engle DCC, multivariate GARCH, DCC-GARCH — Dinamik Koşullu Korelasyon	asymmetric GARCH, leverage GARCH, TGARCH, GJR-GARCH — Asimetrik GARCH (Glosten-Jagannathan-Runkle)	Panel EGARCH model, panel exponential GARCH, EGARCH for panel data, cross-sectional EGARCH	fixed effects model, within estimator, panel fixed-effects regression, Panel Veri — Sabit Etkiler Modeli
Srodne	5	5	4	5
Sažetak	DCC-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.	GJR-GARCH is a variant of the GARCH conditional-volatility model that captures the asymmetric effect of negative shocks on volatility using an indicator variable. It was introduced by Glosten, Jagannathan and Runkle (1993), with a closely related threshold formulation by Zakoian (1994).	Panel EGARCH extends Nelson's (1991) Exponential GARCH model to a panel setting, allowing conditional variance to evolve asymmetrically over time for each cross-sectional unit. The log specification ensures non-negative variance without parameter constraints, and the leverage term distinguishes whether negative shocks amplify volatility more than positive ones of equal magnitude.	The Panel Data Fixed Effects model estimates relationships from panel data (the same units observed over several time periods) while controlling for unit- and/or time-specific effects, supporting causal inference. It is developed as the within estimator in standard treatments such as Hsiao's Analysis of Panel Data (2014).