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Modeling Exchange Rate Volatility: Application of the GARCH and EGARCH Models

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Figure

Figure 1. Log of TZS/USD daily exchange rate, 2009-2015.
Figure 3. Normality test skewness and kurtosis of the daily TZS/USD.
Figure 5 plot the partial autocorrelogram and autocorrelogram (with 40 lags) of
Table 1. ADF and PP unit root tests for stationarity in levels.
+7

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