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We consider high-frequency sampled continuous-time autoregressive moving average (CARMA) models driven by finite-variance zero-mean L\'evy processes. An L^2-consistent estimator for the increments of the driving L\'evy process without order…

Probability · Mathematics 2013-02-01 Vincenzo Ferrazzano , Florian Fuchs

We present an outline of the theory of certain L\'evy-driven, multivariate stochastic processes, where the processes are represented by rational transfer functions (Continuous-time AutoRegressive Moving Average or CARMA models) and their…

Probability · Mathematics 2012-01-04 Robert Stelzer

Continuous-time autoregressive moving average (CARMA) process driven by simple semi-L\'evy process has periodically correlated property with many potential application in finance. In this paper, we study on the estimation of the parameters…

Probability · Mathematics 2019-12-24 N. Modarresi , S. Rezakhah , M. Mohammadi

High-frequency sampled multivariate continuous time autoregressive moving average processes are investigated. We obtain asymptotic expansion for the spectral density of the sampled MCARMA process $(Y_{n\Delta})_{n \in \mathbb{Z}}$ as…

Probability · Mathematics 2015-09-14 Peter Kevei

Continuous-time autoregressive moving average (CARMA) processes have recently been used widely in the modeling of non-uniformly spaced data and as a tool for dealing with high-frequency data of the form $Y_{n\Delta}, n=0,1,2,...$, where…

Statistics Theory · Mathematics 2013-01-22 Peter J. Brockwell , Vincenzo Ferrazzano , Claudia Klüppelberg

We discuss simulation schemes for continuous-time autoregressive moving average (CARMA) processes driven by tempered stable L\'evy noises. CARMA processes are the continuous-time analogue of ARMA processes as well as a generalization of…

Probability · Mathematics 2024-08-28 Till Massing

Continuous-time autoregressive and moving average (CARMA) models are extensively used to model high-frequency and irregularly sampled data. We study Whittle estimation for the model parameters when the process is observed at renewal times.…

Statistics Theory · Mathematics 2026-03-09 Frank Bosserhoff , Giacomo Francisci , Robert Stelzer

We consider the parametric estimation of the driving L\'evy process of a multivariate continuous-time autoregressive moving average (MCARMA) process, which is observed on the discrete time grid $(0,h,2h,...)$. Beginning with a new state…

Probability · Mathematics 2015-05-19 Peter J. Brockwell , Eckhard Schlemm

A spectral representation for regularly varying L\'evy processes with index between one and two is established and the properties of the resulting random noise are discussed in detail giving also new insight in the $L^2$-case where the…

Probability · Mathematics 2011-05-16 Florian Fuchs , Robert Stelzer

A class of continuous-time autoregressive moving average (CARMA) process driven by simple semi-Levy measure is defined and its properties are studied. We discuss some new insights on the structure of the semi-Levy measure which is described…

Probability · Mathematics 2018-01-09 N. Modarresi , S. Rezakhah , S. Shoaee

In this paper we study the problem of statistical inference for a continuous-time moving average L\'evy process of the form $$Z_{t} = \int_{\mathbb{R}}\mathcal{K}(t-s)\, dL_{s},\quad t\in\mathbb{R}$$ with a deterministic kernel (\K\) and a…

Statistics Theory · Mathematics 2016-08-19 Denis Belomestny , Vladimir Panov , Jeannette Woerner

We consider quasi maximum likelihood (QML) estimation for general non-Gaussian discrete-ime linear state space models and equidistantly observed multivariate L\'evy-driven continuoustime autoregressive moving average (MCARMA) processes. In…

Statistics Theory · Mathematics 2015-05-19 Eckhard Schlemm , Robert Stelzer

The class of multivariate L\'{e}vy-driven autoregressive moving average (MCARMA) processes, the continuous-time analogs of the classical vector ARMA processes, is shown to be equivalent to the class of continuous-time state space models.…

Statistics Theory · Mathematics 2012-03-02 Eckhard Schlemm , Robert Stelzer

The aim of this paper is to develop estimation and inference methods for the drift parameters of multivariate L\'evy-driven continuous-time autoregressive processes of order $p\in\mathbb{N}$. Starting from a continuous-time observation of…

Methodology · Statistics 2023-07-26 Lorenzo Lucchese , Mikko S. Pakkanen , Almut E. D. Veraart

We consider a L\'evy driven continuous time moving average process $X$ sampled at random times which follow a renewal structure independent of $X$. Asymptotic normality of the sample mean, the sample autocovariance, and the sample…

Probability · Mathematics 2018-04-09 Dirk-Philip Brandes , Imma Valentina Curato

This paper is devoted to the characterization of an extended family of CARMA (continuous-time autoregressive moving average) processes that are solutions of stochastic differential equations driven by white Levy innovations. These are…

Information Theory · Computer Science 2015-03-19 Michael Unser , Pouya D. Tafti , Arash Amini , Hagai Kirshner

In this paper, we consider the Whittle estimator for the parameters of a stationary solution of a continuous-time linear state space model sampled at low frequencies. In our context the driving process is a L\'evy process which allows…

Statistics Theory · Mathematics 2020-02-24 Vicky Fasen-Hartmann , Celeste Mayer

We introduce the class of continuous-time autoregressive moving-average (CARMA) processes in Hilbert spaces. As driving noises of these processes we consider Levy processes in Hilbert space. We provide the basic definitions, show relevant…

Probability · Mathematics 2017-01-18 Fred Espen Benth , Andre Suess

In this paper, we examine continuous-time autoregressive moving-average (CARMA) processes on Banach spaces driven by L\'evy subordinators. We show their existence and cone-invariance, investigate their first and second order moment…

Probability · Mathematics 2025-05-15 Fred Espen Benth , Sven Karbach , Asma Khedher

The paper shows how to use the R package yuima available on CRAN for the simulation and the estimation of a general L\'evy Continuous Autoregressive Moving Average (CARMA) model. The flexibility of the package is due to the fact that the…

Computation · Statistics 2014-09-11 Stefano M. Iacus , Lorenzo Mercuri
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