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... Dh , 1,..., t t mt H h h , 1,..., t t mt W , 1,..., t t mt ... Based on equation (3), the VARMA-GARCH model also assumes that the matrix of ...
Even though the multivariate VARMA-GARCH model of Ling and McAleer (2003) and VARMA- ... are polynomials in L , 12, diag t it Dh , 1,..., t t mt is a ...
... examines the performance of four multivariate volatility models, namely CCC, VARMA ... Dh h =) m n, m is the number of returns, and 1,..., t =, (see, for example, McAleer 92005 ...
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