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Which of the following is true about ARCH and GARCH models?
(I) They are used for modelling and forecasting volatility
(II) They are non-linear models
(III) They can both be estimated using OLS
(IV) Series estimated using these models must have a unit root process
Executive Control System
A cognitive system in the brain responsible for the regulation of thought and action through supervisory attentional control.
Dual-Coding
Dual-coding theory proposes that both verbal and visual information are used to represent information, with the two forms of coding supporting each other in memory retention.
Working Memory
A cognitive system responsible for temporarily holding information available for processing, important for reasoning and the guidance of decision-making and behavior.
Heuristic
A problem-solving approach using practical methods or various shortcuts that may not be perfect but are sufficient for reaching an immediate goal.
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