Analysis of cyclical behavior of cash flows
Abstract
Cash flows have special statistical and chronological properties, which are not found in other
financial markets. This article aims to treat and analyze cyclical informational shocks of cash
flows through the search for conditional heteroskedasticity on the basis of a class of ARMA
models with GARCH error which gives useful information on the nature and amplitude of
different informational shocks.
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, GARCH, , Cash, Cyclical shocks
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