Abstract
ꢀꢀThe
GARCH
model
is
often
used
to
study
the
volatility
of
stock
market
returns.
A50
component
stocks
volatility
characteristics.
This
paper
firstly
introduces
the
research
background
of
this
topic
and
its
significance,
explains
the
current
situation
of
the
application
of
volatility
in
China's
stock
exchange
market,
induces
the
CAPM-GARCH(1,1)-M
model,
conducts
the
smoothness
test
and
基于CAPM-GARCH（1，1）模型对股票收益率波动性的研究-以上证A50成份股为例-9280字.docx