How Is This Still a Thing? The Generalized Autoregressive Conditional Heteroskedasticity (GARCH) Model

Like daylight savings and Columbus Day some things exist just because they do.John Oliver’s

John Oliver’s Last Week’s News Tonight  features a segment called How is this still a thing? The Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model is used for estimating stochastic volatility and optionality.

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The real question is: How was this ever a thing? If one CEO could pronounce it, there might be a ray of hope the global financial system isn’t doomed.

 

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