Hautsch, Nikolaus (contributor); Ou, Yangguoyi (contributor) - 2008
innovations. This is in contrast to an autoregres-
sive conditional heteroscedasticity (ARCH) model introduced by Engle (1982 …) ARCH
model is that the likelihood of SV models is not directly available. This requires the use of
simulation techniques … model. Finally, SV models provide a natural framework to accommodate spe-
cific properties of financial return processes …