Chapter Chapter 12 Autoregressive Conditional Heteroscedasticity (ARCH) and Generalized ARCH (GARCH) Models Section Section 12.1 Introduction ARCH and GARCH Models • ARCH and GARCH models are designed to model heteroscedasticity (unequal variance) of the error term with the use of timeseries data • Objective is to model and forecast volatility Example: Understand the risk of holding an asset; useful in financial situations • ARCH -- Autoregressive Conditional Heteroscedasticity
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Summary/Response The story “ The Abandoner” by Ma Jian is about the Chinese vice-chairman’s effort to abandon his first daughter. He desperately desires to have a son in order to carry on his family lineage‚ yet the fortune teller predicts he will never have one. Accurately‚ his wife gives birth to two daughters‚ and his first child‚ Miaomiao is incapable mentally and physically. Due to the one-child policy‚ he can’t have a third child unless his first daughter is disappeared. Therefore‚ to fulfil
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Zahruddin (MD/CEO) Mohd Azha b Abd Jalil (CFO) 25 May 2011 © Copyright Malaysian Airline System Berhad 2011. All rights reserved Contents • • • • State of the Industry Staying on course First Quarter 2011 Financial Results Positioning MAS towards becoming the No 1 Airline in Asia • Summary © Copyright Malaysian Airline System Berhad 2011. All rights reserved. 2 Sharp rally in oil and fuel prices spurred by geopolitical risks Average spread between crude oil and jet fuel
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An Ex-Mas Feast Summary Uwem Akpan’s story‚ “An Ex-Mas Feast” is a story of the struggles that one family goes through to give gifts on their upcoming Christmas season. Akpan introduces the reader to the struggles of the main characters‚ which directly ties into the details of impoverished town that they live in. Jigana‚ one of the story’s main characters‚ starts off as a naïve 8 year old little boy who was anxious to start going to school. In a stark contrast‚ Maisha‚ the eldest sister
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Volkswagen SA Case Study Improving visibility‚ productivity and accuracy in the Warehouse. In 2001‚ the Volkswagen of South Africa Parts & Accessories Division (VWSA P&A) set out to introduce a new Warehouse Management System in order to meet the challenges of an increasingly complex business environment. In the period from 1999 to 2006‚ the number of passenger vehicle models in South Africa grew from 650 to 1080 leading to a 150% growth in the number of SKU’s stocked by VWSA. Better visibility
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Lakay‚ Rhodes‚ Saayman‚ Schoer‚ Scholts‚ Thompson)‚ 2010. Economics: Global and Southern Africa Perspectives‚ African edition. Cape Town: Addison Wesley. 9. Read‚ S (2013) Business Day Live. SA risks missing the airline consolidation boat. [Online] Available from: http://www.bdlive.co.za/opinion/2013/01/16/sa-risksmissing-the-airline-consolidation-boat. [Accessed 28th July 2013] 11 | P a g e 10. SouthAfrica.info. (2013) Domestic flights in South Africa. [Online] Available from: http://www.southafrica
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Ma Le Thi Artist * Born in Buon Ma Thou‚ Vietnam in 1964 * She is of Chinese heritage‚ making her subject to racism and alienated within her own country * Currently lives and works in Sydney Material Practice * Thi’s works embrace a diversity of media and forms varying from painting‚ sculpture‚ performance‚ installation‚ film making and set design Conceptual Practice * Recurrent Imagery provides an ongoing dialogue and connection with the audience and her art making practice
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“All is fair in Love and War” Panaghoy sa Suba is a film set during the Japanese Occupation. It focuses mainly on the life of Duroy‚ a boat operator from Bohol. The films also features his love for a girl named Iset‚ and the complications they experience with their relationship. The film also shows how badly the Americans and the Japanese treated the Filipinos. The main theme of the film is the nationalism of the Filipinos as well as the colonization of Philippines by other countries. The film shows
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ll saa iva_aa yaa ivamau>yao ll That is knowledge which Liberates! Dear friends‚ do you know the meaning of this famous “Sanskrit” quotation? I’ll explain it to you. Generally we call vidya to everything which gives some knowledge. There are many types of vidya which we can learn in this world. Among these‚ one is अध्यात्म विद्या. And according to the scriptures “अध्यात्म विद्या” alone liberates the human being. One can get Mukti from this world‚ Because of knowing & experiencing the अध्यात्म विद्या
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Shan’e Roundtree November 14‚ 2011 MA VIE EN ROSE The movie “Ma VIE EN ROSE” deals with an aspect of transgender through the eyes and family of a transgendered child by the name of Ludovic. To Ludovic‚ it’s natural to want to be a girl. He looks up to the Barbie-like children’s television character which is known as Pam. He dreams of one day being a princess just like her and marrying his best friend Jerome. ("We walk down the aisle‚ I look gorgeous...") He knows for sure one day he’ll grow
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