GARCH ESTIMATION

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nna200
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Joined: Wed Jun 22, 2011 4:31 am

GARCH ESTIMATION

Postby nna200 » Wed Jun 22, 2011 11:21 am

Good evening, I woul like to ask the following question: can one estimate normal GARCH model without including the constant in the mean equation? what is the main difference (conceptually?) I run model with and without constant in the mean: both worked... but I do not know if it is appropriate procedure not to include constant in the mean equation...Thank you!!!!

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