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Forecasting DAX Volatility: A Comparison of Time Series Models and Implied Volatilities

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Figure

Figure 2.1.: Types of volatility smiles Source: own illustration.
Figure 2.2.: Typical S&P 500 post-crash volatility smile
Figure 2.3.: Basic volatility term structure Source: own illustration.
Table 3.1.: Studies based on parametric volatility functions
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