Volatility forecasting has been widely debated in empirical finance, nevertheless, studies examining issues in volatility and their resolution through various models has received a scant attention. Therefore, the present study which is purely a review work aims to elucidate volatility stylised...

This study aims to gain insights on various issues that surround stock market volatility. For this purpose, more than forty empirical studies have been examined to critically assess issues like, heteroscedasticity, asymmetric effect, risk-return framework, spillovers and forecasting accuracy....