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|Title:||Why ARMAX-GARCH linear models successfully describe complex nonlinear phenomena: A possible explanation|
|Authors:||Hung T. Nguyen|
|Abstract:||© Springer International Publishing Switzerland 2015. Economic and financial processes are complex and highly nonlinear. However, somewhat surprisingly, linear models like ARMAX-GARCH often describe these processes reasonably well. In this paper, we provide a possible explanation for the empirical success of these models.|
|Appears in Collections:||CMUL: Journal Articles|
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