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GENERALIZED AUTOREGRESSIVE CONDITIONAL …

GENERALIZED AUTOREGRESSIVE CONDITIONAL …

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tional variance constant. This type of model behavior has already proven useful in modelling several different economic phenomena. In Engle (1982), Engle (1983) and Engle and Kraft (1983), models for the inflation rate are constructed recognizing that the uncertainty of inflation tends to change over time.

  Tional, Generalized, Conditional, Autoregressive, Generalized autoregressive conditional

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