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Volatility estimation is a central problem in financial econometrics, but becomes particularly challenging when jump activity is high, a phenomenon observed empirically in highly traded financial securities. In this paper, we revisit the…

Econometrics · Economics 2026-05-13 B. Cooper Boniece , José E. Figueroa-López , Tianwei Zhou

A nonparametric procedure for robust regression estimation and for quantile regression is proposed which is completely data-driven and adapts locally to the regularity of the regression function. This is achieved by considering in each…

Statistics Theory · Mathematics 2009-04-06 Markus Reiss , Yves Rozenholc , Charles-Andre Cuenod

We obtain general lower estimates of transition densities of jump L\'evy processes. We use them for processes with L\'evy measures having bounded support, processes with exponentially decaying L\'evy measures for large times and for…

Probability · Mathematics 2016-01-07 Pawel Sztonyk

We consider the solution X = (Xt) t$\ge$0 of a multivariate stochastic differential equation with Levy-type jumps and with unique invariant probability measure with density $\mu$. We assume that a continuous record of observations X T =…

Statistics Theory · Mathematics 2020-01-22 Chiara Amorino , Arnaud Gloter

L\'{e}vy processes with completely monotone jumps appear frequently in various applications of probability. For example, all popular stock price models based on L\'{e}vy processes (such as the Variance Gamma, CGMY/KoBoL and Normal Inverse…

Probability · Mathematics 2016-01-08 Daniel Hackmann , Alexey Kuznetsov

In this paper we consider the problem of estimating $f$, the conditional density of $Y$ given $X$, by using an independent sample distributed as $(X,Y)$ in the multivariate setting. We consider the estimation of $f(x,.)$ where $x$ is a…

Statistics Theory · Mathematics 2014-12-30 Karine Bertin , Claire Lacour , Vincent Rivoirard

The main purpose of this chapter is to present some theoretical aspects of parametric estimation of L\'evy processes based on high-frequency sampling, with a focus on infinite activity pure-jump models. Asymptotics for several classes of…

Statistics Theory · Mathematics 2014-09-02 Hiroki Masuda

A scheme for locally adaptive bandwidth selection is proposed which sensitively shrinks the bandwidth of a kernel estimator at lowest density regions such as the support boundary which are unknown to the statistician. In case of a…

Statistics Theory · Mathematics 2016-01-25 Tim Patschkowski , Angelika Rohde

Convergence rates of kernel density estimators for stationary time series are well studied. For invertible linear processes, we construct a new density estimator that converges, in the supremum norm, at the better, parametric, rate…

Statistics Theory · Mathematics 2009-09-29 Anton Schick , Wolfgang Wefelmeyer

Nonparametric methods for the estimation of the Levy density of a Levy process are developed. Estimators that can be written in terms of the ``jumps'' of the process are introduced, and so are discrete-data based approximations. A model…

Statistics Theory · Mathematics 2007-06-13 Enrique Figueroa-Lopez , Christian Houdre

The paper studies the rate of convergence of the weak Euler approximation for solutions to possibly completely degenerate SDEs driven by Levy processes, with Hoelder-continuous coefficients. It investigates the dependence of the rate on the…

Probability · Mathematics 2012-05-14 R. Mikulevicius

We address the problem of density estimation with $\mathbb{L}_s$-loss by selection of kernel estimators. We develop a selection procedure and derive corresponding $\mathbb{L}_s$-risk oracle inequalities. It is shown that the proposed…

Statistics Theory · Mathematics 2012-11-26 Alexander Goldenshluger , Oleg Lepski

The problem of drift estimation for the solution $X$ of a stochastic differential equation with L\'evy-type jumps is considered under discrete high-frequency observations with a growing observation window. An efficient and asymptotically…

Statistics Theory · Mathematics 2016-03-18 Arnaud Gloter , Dasha Loukianova , Hilmar Mai

We propose an estimation procedure for linear functionals based on Gaussian model selection techniques. We show that the procedure is adaptive, and we give a non asymptotic oracle inequality for the risk of the selected estimator with…

Statistics Theory · Mathematics 2008-10-27 Béatrice Laurent , Carenne Ludeña , Clémentine Prieur

Markov Chain Monte Carlo approach is frequently used within Bayesian framework to sample the target posterior distribution. Its efficiency strongly depends on the proposal used to build the chain. The best jump proposal is the one that…

Instrumentation and Methods for Astrophysics · Physics 2023-02-01 Mikel Falxa , Stanislav Babak , Maude Le Jeune

We aim at estimating the invariant density associated to a stochastic differential equation with jumps in low dimension, which is for $d=1$ and $d=2$. We consider a class of jump diffusion processes whose invariant density belongs to some…

Statistics Theory · Mathematics 2022-01-19 Chiara Amorino , Eulalia Nualart

In one-dimensional density estimation on i.i.d. observations we suggest an adaptive cross-validation technique for the selection of a kernel estimator. This estimator is both asymptotic MISE-efficient with respect to the monotone oracle,…

Statistics Theory · Mathematics 2007-06-13 Clementine Dalelane

This paper deals with the nonparametric estimation in heteroscedastic regression $ Y_i=f(X_i)+\xi_i, \: i=1,...,n $, with incomplete information, i.e. each real random variable $ \xi_i $ has a density $ g_{i} $ which is unknown to the…

Statistics Theory · Mathematics 2011-05-10 Michaël Chichignoud

The nonparametric regression with a random design model is considered. We want to recover the regression function at a point x where the design density is vanishing or exploding. Depending on assumptions on the regression function local…

Statistics Theory · Mathematics 2016-08-16 Stéphane Gaiffas

An important family of stochastic processes arising in many areas of applied probability is the class of L\'evy processes. Generally, such processes are not simulatable especially for those with infinite activity. In practice, it is common…

Probability · Mathematics 2014-08-06 M. Ben Alaya , K. Hajji , A. Kebaier