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We present an asymptotic expansion formula of an estimator for the drift coefficient of the fractional Ornstein-Uhlenbeck process. As the machinery, we apply the general expansion scheme for Wiener functionals recently developed by the…

Probability · Mathematics 2024-04-05 Ciprian A. Tudor , Nakahiro Yoshida

In this paper, we establish a probabilistic representation as well as some integration by parts formulae for the marginal law at a given time maturity of some stochastic volatility model with unbounded drift. Relying on a perturbation…

Probability · Mathematics 2020-11-23 Junchao Chen , Noufel Frikha , Houzhi Li

We develop generic and efficient importance sampling estimators for Monte Carlo evaluation of prices of single- and multi-asset European and path-dependent options in asset price models driven by L\'evy processes, extending earlier works…

Risk Management · Quantitative Finance 2016-08-17 Adrien Genin , Peter Tankov

If $\mathbb{Y}$ is a random vector in $\mathbb{R}^{d}$, we denote by $P_{\mathbb{Y}}$ its probability distribution. Consider a random variable $X$ and a $d$-dimensional random vector $\mathbb{Y}$. Inspired by \cite{Pi}, we develop a…

Probability · Mathematics 2023-10-13 Ciprian A Tudor

This paper presents a Lie-Trotter splitting for inertial Langevin equations (Geometric Langevin Algorithm) and analyzes its long-time statistical properties. The splitting is defined as a composition of a variational integrator with an…

Numerical Analysis · Mathematics 2010-04-05 Nawaf Bou-Rabee , Houman Owhadi

We compute explicit bounds in the Gaussian approximation of functionals of infinite Rademacher sequences. Our tools involve Stein's method, as well as the use of appropriate discrete Malliavin operators. Although our approach does not…

Probability · Mathematics 2009-05-21 Ivan Nourdin , Giovanni Peccati , Gesine Reinert

The problem is a power-law asymptotics of the probability that a self-similar process does not exceed a fixed level during long time. The exponent in such asymptotics is estimated for some Gaussian processes, including the fractional…

Probability · Mathematics 2012-03-13 George Molchan

We study the asymptotic properties of an estimator of Hurst parameter of a stochastic differential equation driven by a fractional Brownian motion with $H > 1/2$. Utilizing the theory of asymptotic expansion of Skorohod integrals introduced…

Probability · Mathematics 2024-07-03 Hayate Yamagishi

We study the asymptotic properties of the GLS estimator in multivariate regression with heteroskedastic and autocorrelated errors. We derive Wald statistics for linear restrictions and assess their performance. The statistics remains robust…

Econometrics · Economics 2025-03-19 Koichiro Moriya , Akihiko Noda

Let $\{X_i(t),t\ge0\}, 1\le i\le n$ be independent copies of a random process $\{X(t), t\ge0\}$. For a given positive constant $u$, define the set of $r$th conjunctions $C_r(u):=\{t\in[0,1]: X_{r:n}(t)>u\}$ with $ X_{r:n}$ the $r$th largest…

Probability · Mathematics 2014-12-16 Chengxiu Ling

In Bayesian nonparametric inference, random discrete probability measures are commonly used as priors within hierarchical mixture models for density estimation and for inference on the clustering of the data. Recently, it has been shown…

Statistics Theory · Mathematics 2012-11-26 Stefano Favaro , Antonio Lijoi , Igor Prünster

The Malliavin integration-by-parts formula is a key ingredient to develop stochastic analysis on the Wiener space. In this article we show that a suitable integration-by-parts formula also characterizes a wide class of Gaussian processes,…

Probability · Mathematics 2019-04-08 Ehsan Azmoodeh , Tommi Sottinen , Ciprian A. Tudor , Lauri Viitasaari

We study subsampling estimators for the limit variance \[ \sigma^2=Var(X_1)+2 \sum_{k=2}^\infty Cov(X_1,X_k) \] of partial sums of a stationary stochastic process $(X_k)_{k\geq 1}$. We establish $L_2$-consistency of a non-overlapping block…

Statistics Theory · Mathematics 2015-06-09 Herold Dehling , Roland Fried , Olimjon Sh. Sharipov , Daniel Vogel , Max Wornowizki

We propose a second-order (Hessian or Hessian-free) based optimization method for variational inference inspired by Gaussian backpropagation, and argue that quasi-Newton optimization can be developed as well. This is accomplished by…

Machine Learning · Statistics 2017-03-30 Kai Fan , Ziteng Wang , Jeff Beck , James Kwok , Katherine Heller

Gaussian processes are an important regression tool with excellent analytic properties which allow for direct integration of derivative observations. However, vanilla GP methods scale cubically in the amount of observations. In this work,…

Machine Learning · Computer Science 2020-03-06 Emmanouil Angelis , Philippe Wenk , Bernhard Schölkopf , Stefan Bauer , Andreas Krause

We consider operators of the form H+V where H is the one-dimensional harmonic oscillator and V is a zero-order pseudo-differential operator which is quasi-periodic in an appropriate sense (one can take V to be multiplication by a periodic…

Spectral Theory · Mathematics 2007-05-23 Daniel M. Elton

We investigate the asymptotics of eigenvalues of sample covariance matrices associated with a class of non-independent Gaussian processes (separable and temporally stationary) under the Kolmogorov asymptotic regime. The limiting spectral…

Probability · Mathematics 2019-10-11 Tiebin Mi , Robert Caiming Qiu

We consider the asymptotic behavior of posterior distributions and Bayes estimators based on observations which are required to be neither independent nor identically distributed. We give general results on the rate of convergence of the…

Statistics Theory · Mathematics 2009-09-29 Subhashis Ghosal , Aad van der Vaart

This paper presents a novel generic asymptotic expansion formula of expectations of multidimensional Wiener functionals through a Malliavin calculus technique. The uniform estimate of the asymptotic expansion is shown under a weaker…

Probability · Mathematics 2024-12-24 Akihiko Takahashi , Toshihiro Yamada

We study the empirical measure associated to a sample of size $n$ and modified by $N$ iterations of the raking-ratio method. This empirical measure is adjusted to match the true probability of sets in a finite partition which changes each…

Statistics Theory · Mathematics 2019-01-10 Mickael Albertus , Philippe Berthet