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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

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

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 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

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 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

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) 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

Given discrete time observations over a growing time interval, we consider a nonparametric Bayesian approach to estimation of the L\'evy density of a L\'evy process belonging to a flexible class of infinite activity subordinators. Posterior…

Statistics Theory · Mathematics 2019-09-10 Denis Belomestny , Shota Gugushvili , Moritz Schauer , Peter Spreij

Interest in continuous-time processes has increased rapidly in recent years, largely because of high-frequency data available in many applications. We develop a method for estimating the kernel function $g$ of a second-order stationary…

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

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

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

This paper considers a continuous time analogue of the classical autoregressive moving average processes, L\'evy-driven CARMA processes. First we describe limiting properties of the periodogram by means of the so-called truncated Fourier…

Probability · Mathematics 2016-08-16 Robert Stelzer , Żywilla fechner

In this paper, we consider function-indexed normalized weighted integrated periodograms for equidistantly sampled multivariate continuous-time state space models which are multivariate continuous-time ARMA processes. Thereby, the sampling…

Statistics Theory · Mathematics 2022-09-16 Vicky Fasen-Hartmann , Celeste Mayer

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 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

In this article we consider L\'evy driven continuous time moving average processes observed on a lattice, which are stationary time series. We show asymptotic normality of the sample mean, the sample autocovariances and the sample…

Probability · Mathematics 2012-06-15 Serge Cohen , Alexander Lindner

The paper considers high frequency sampled multivariate continuous-time ARMA (MCARMA) models, and derives the asymptotic behavior of the sample autocovariance function to a normal random matrix. Moreover, we obtain the asymptotic behavior…

Statistics Theory · Mathematics 2015-08-10 Vicky Fasen

In this paper we define and characterize cointegrated continuous-time linear state-space models. A main result is that a cointegrated continuous-time linear state-space model can be represented as a sum of a L\'evy process and a stationary…

Probability · Mathematics 2018-01-03 Vicky Fasen-Hartmann , Markus Scholz

We consider a new method of the semiparametric statistical estimation for the continuous-time moving average L\'evy processes. We derive the convergence rates of the proposed estimators, and show that these rates are optimal in the minimax…

Methodology · Statistics 2017-02-10 Denis Belomestny , Tatiana Orlova , Vladimir Panov
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