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This paper builds and implements multifactor stochastic volatility models for the international oil/energy markets (Brent oil and WTI oil) for the period 2011-2021. The main objective is to make step ahead volatility predictions for the front month contracts followed by an implication discussion...
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accurate and low cost computational techniques which would permit extensive use of simulation methodology. Large samples are … simulation results. This paper investigates the tradeoffs available between computational accuracy and cost in simulation …
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