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Closed-form expressions, parametrized by the Hurst exponent $H$ and the length $n$ of a time series, are derived for paths of fractional Brownian motion (fBm) and fractional Gaussian noise (fGn) in the $\mathcal{A}-\mathcal{T}$ plane,…

Data Analysis, Statistics and Probability · Physics 2020-01-01 Mariusz Tarnopolski

Approximations of fractional Brownian motion using Poisson processes whose parameter sets have the same dimensions as the approximated processes have been studied in the literature. In this paper, a special approximation to the…

Statistics Theory · Mathematics 2012-01-05 Yuqiang Li , Hongshuai Dai

In some non-regular statistical estimation problems, the limiting likelihood processes are functionals of fractional Brownian motion (fBm) with Hurst's parameter H; 0 < H <=? 1. In this paper we present several analytical and numerical…

Statistics Theory · Mathematics 2014-06-06 Alexander Novikov , Nino Kordzakhia , Timothy Ling

Fractional Brownian motion has become a standard tool to address long-range dependence in financial time series. However, a constant memory parameter is too restrictive to address different market conditions. Here we model the price…

Mathematical Finance · Quantitative Finance 2024-07-31 Axel A. Araneda

The work developed in the paper concerns the multivariate fractional Brownian motion (mfBm) viewed through the lens of the wavelet transform. After recalling some basic properties on the mfBm, we calculate the correlation structure of its…

Probability · Mathematics 2013-08-07 Jean-François Coeurjolly , Pierre-Olivier Amblard , Sophie Achard

We construct and study branching fractional Brownian motion with Hurst parameter $H\in(1/2,1)$. The construction relies on a generalization of the discrete approximation of fractional Brownian motion (Hammond and Sheffield, Probability…

Probability · Mathematics 2024-04-24 Adrián González Casanova , Jan Lukas Igelbrink

A new extension of the sub-fractional Brownian motion, and thus of the Brownian motion, is introduced. It is a linear combination of a finite number of sub-fractional Brownian motions, that we have chosen to call the mixed sub-fractional…

Probability · Mathematics 2013-12-13 Mounir Zili

Let $W^H=\{W^H(t), t \in \rr\}$ be a fractional Brownian motion of Hurst index $H \in (0, 1)$ with values in $\rr$, and let $L = \{L_t, t \ge 0\}$ be the local time process at zero of a strictly stable L\'evy process $X=\{X_t, t \ge 0\}$ of…

Probability · Mathematics 2008-06-26 Mark M. Meerschaert , Erkan Nane , Yimin Xiao

In this paper we consider Bayesian parameter inference for partially observed fractional Brownian motion (fBM) models. The approach we follow is to time-discretize the hidden process and then to design Markov chain Monte Carlo (MCMC)…

Computation · Statistics 2022-11-02 Mohamed Maama , Ajay Jasra , Hernando Ombao

A well-known result with respect to the one dimensional nearest-neighbor symmetric simple exclusion process is the convergence to fractional Brownian motion with Hurst parameter 1/4, in the sense of finite-dimensional distributions, of the…

Probability · Mathematics 2007-11-02 Magda Peligrad , Sunder Sethuraman

Fractional Brownian motion, a Gaussian non-Markovian self-similar process with stationary long-correlated increments, has been identified to give rise to the anomalous diffusion behavior in a great variety of physical systems. The…

There is much confusion in the literature over Hurst exponents. Recently, we took a step in the direction of eliminating some of the confusion. One purpose of this paper is to illustrate the difference between fBm on the one hand and…

Statistical Mechanics · Physics 2015-06-25 Joseph L. McCauley , Gemunu H. Gunaratne , Kevin E. Bassler

In this paper the whole family of fractional Brownian motions is constructed as a single Gaussian field indexed by time and the Hurst index simultaneously. The field has a simple covariance structure and it is related to two generalizations…

Probability · Mathematics 2016-08-16 Vladimir Dobrić , Francisco M. Ojeda

For fractional Brownian motion with Hurst parameter H the Berman constant is defined. In this paper we consider a general random field (rf) Z that is a spectral rf of some stationary max-stable rf X and derive the properties of the…

Probability · Mathematics 2022-11-10 Krzysztof Dębicki , Enkelejd Hashorva , Zbigniew Michna

Starting from the construction of a geometric rough path associated with a fractional Brownian motion with Hurst parameter $H\in]{1/4}, {1/2}[$ given by Coutin and Qian (2002), we prove a large deviation principle in the space of geometric…

Probability · Mathematics 2007-05-23 Annie Millet , Marta Sanz-Solé

We introduce a general class of stochastic processes driven by a multifractional Brownian motion (mBm) and study the estimation problems of their pointwise H\"older exponents (PHE) based on a new localized generalized quadratic variation…

Mathematical Finance · Quantitative Finance 2018-10-17 Qidi Peng , Ran Zhao

The stochastic trajectories of molecules in living cells, as well as the dynamics in many other complex systems, often exhibit memory in their path over long periods of time. In addition, these systems can show dynamic heterogeneities due…

Statistical Mechanics · Physics 2024-07-10 Michał Balcerek , Agnieszka Wyłomańska , Krzysztof Burnecki , Ralf Metzler , Diego Krapf

The main goal of this paper is to provide a fractional stochastic differential equation modelling the physical phenomena governed by the Langevin equation in 1-dimension. A generalized equation leaning on the fractional Brownian motion…

Mathematical Physics · Physics 2008-07-03 Lounis Tewfik , Saïd Bouabdellah

Despite the success of fractional Brownian motion (fBm) in modeling systems that exhibit anomalous diffusion due to temporal correlations, recent experimental and theoretical studies highlight the necessity for a more comprehensive approach…

Statistical Mechanics · Physics 2024-07-02 Adrian Pacheco-Pozo , Diego Krapf

We consider empirical processes associated with high-frequency observations of a fractional Brownian motion (fBm) $X$ with Hurst parameter $H\in (0,1)$, and derive conditions under which these processes verify a (possibly uniform) law of…

Probability · Mathematics 2019-04-09 Arturo Jaramillo , Ivan Nourdin , Giovanni Peccati
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