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Robust Bayesian Analysis of Heavy-tailed Stochastic Volatility Models using Scale Mixtures of Normal Distributions

A Bayesian analysis of stochastic volatility (SV) models using the class of symmetric scale mixtures of normal (SMN) distributions is considered. In the face of non-normality, this provides an appealing robust alternative to the routine use of the normal distribution. Specific distributions examined...

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Bibliografski detalji
Glavni autori: Abanto-Valle, C. A., Bandyopadhyay, D., Lachos, V. H., Enriquez, I.
Format: Artigo
Jezik:Inglês
Izdano: 2010
Teme:
Online pristup:https://ncbi.nlm.nih.gov/pmc/articles/PMC2923593/
https://ncbi.nlm.nih.gov/pubmed/20730043
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.csda.2009.06.011
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