PDF-1IntroductionandsummaryThispapergeneralizesexistingARCHmodelsintroduce
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etal1993ThisextensionoftheAPARCHapproachisformulatedanalogoustotheHYGARCHmodelpresentedofDavidson2003Finally rstcharacteristicsofthismodelarederivedbasedonitsVolterraseriesexpansion2TheHy
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