- #1
O'Fearraigh
- 10
- 0
It's about GARCH(1,1) processes (mainly it's all statistics and probability).
Anyway, there is the section of a book (link below) that is confusing me:
Where does "E[ln(β+αz_t^2)]" come from (on page 319, the "second" page)? My other question is why does it say that "ln(β+αz_t^2) holds trivially if β > 0"? Maybe it's me, but I don't think it really make sense to say that a natural log "holds"... Isn't that wording generally reserved for logical statements?
Book:
http://www.jstor.org/stable/3532198?seq=1
Anyway, there is the section of a book (link below) that is confusing me:
Where does "E[ln(β+αz_t^2)]" come from (on page 319, the "second" page)? My other question is why does it say that "ln(β+αz_t^2) holds trivially if β > 0"? Maybe it's me, but I don't think it really make sense to say that a natural log "holds"... Isn't that wording generally reserved for logical statements?
Book:
http://www.jstor.org/stable/3532198?seq=1