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Basic Question 5 of 8

In the context of ARCH, what does "heteroskedasticity" refer to?

A. Constant variance of residuals.
B. Time-varying volatility in the data.
C. Serial correlation in the time series.
D. Stationarity of the time series.

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

explain autoregressive conditional heteroskedasticity (ARCH) and describe how ARCH models can be applied to predict the variance of a time series;

CFA® 2025 Level II Curriculum, Volume 1, Module 5.