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We propose the point process model as the Poissonian-like stochastic sequence with slowly diffusing mean rate and adjust the parameters of the model to the empirical data of trading activity for 26 stocks traded on NYSE. The proposed scaled…

Trading and Market Microstructure · Quantitative Finance 2009-11-13 V. Gontis , B. Kaulakys , J. Ruseckas

The often debated issue of `ratios of small numbers of events' is approached from a probabilistic perspective, making a clear distinction between the predictive problem (forecasting numbers of events we might count under well stated…

Methodology · Statistics 2020-12-09 Giulio D'Agostini

In an M-type 2 Banach space, firstly we explore some properties of the set-valued stochastic integral associated with the stationary Poisson point process. By using the Hahn decomposition theorem and bounded linear functional, we obtain the…

Probability · Mathematics 2022-01-10 Jinping Zhang , Itaru Mitoma , Yoshiaki Okazaki

Poisson's equation has a lot of applications in various areas. Usually it is hard to derive the explicit expression of the solution of Poisson's equation for a Markov chain on an infinitely many state space. We will present a computational…

Probability · Mathematics 2021-01-05 Jinpeng Liu , Yuanyuan Liu , Yiqiang Q. Zhao

This paper is a continuation of our previous research on quadratic harnesses, that is, processes with linear regressions and quadratic conditional variances. Our main result is a construction of a Markov process from given orthogonal and…

Probability · Mathematics 2009-09-29 Włodzimierz Bryc , Wojciech Matysiak , Jacek Wesołowski

We develop a new methodology for the fluctuation theory of continuous-time skip-free Markov chains, extending the recent work of Choi and Patie [5] for discrete-time skip-free Markov chains. As the main application we use it to derive a…

Probability · Mathematics 2022-08-31 R. Loeffen , P. Patie , J. Wang

We find a maximum principle for general non-Markovian semi-martingales. We do so by describing the adjoint processes with non-anticipating stochastic derivatives in a martingale random field setting. In the case of the L\'evy processes this…

Optimization and Control · Mathematics 2014-12-09 Steffen Sjursen

Statistical modeling of point patterns is an important and common problem in several areas. The Poisson process is the most common process used for this purpose, in particular, its generalization that considers the intensity function to be…

Methodology · Statistics 2021-02-26 Flavio B. Gonçalves , Livia M. Dutra , Roger W. C. Silva

We analyse the stochastic comparison of interacting particle systems allowing for multiple arrivals, departures and non-conservative jumps of individuals between sites. That is, if $k$ individuals leave site $x$ for site $y$, a possibly…

Probability · Mathematics 2025-04-07 Raúl Gouet , F. Javier López , Gerardo Sanz

We present a short introduction into the framework of piecewise deterministic Markov processes. We illustrate the abstract mathematical setting with a series of examples related to dispersal of biological systems, cell cycle models, gene…

Probability · Mathematics 2015-12-08 Ryszard Rudnicki , Marta Tyran-Kaminska

Big networks express various large-scale networks in many practical areas such as computer networks, internet of things, cloud computation, manufacturing systems, transportation networks, and healthcare systems. This paper analyzes such big…

Systems and Control · Computer Science 2016-04-06 Quan-Lin Li

Stochastic models for performance analysis, optimization and control of queues hinge on a multitude of alternatives for input point processes. In case of bursty traffic, one very popular model is the \textit{Markov Modulated Poisson…

Probability · Mathematics 2021-09-03 Azam Asanjarani , Sophie Hautphenne , Yoni Nazarathy

It is well established that gene expression can be modeled as a Markovian stochastic process and hence proper observables might be subjected to large fluctuations and rare events. Since dynamics is often more than statics, one can work with…

Biological Physics · Physics 2019-09-11 Pegah Torkaman , Farhad H. Jafarpour

Contrary to the theory of Markov processes, no general theory exists for the so called nonlinear Markov processes. We study an example of "nonlinear Markov process" related to classical probability theory, merely to random walks. This model…

Mathematical Physics · Physics 2011-10-31 S. A. Muzychka , K. L. Vaninsky

Within the applications of spatial point processes, it is increasingly becoming common that events are labeled by marks, prompting an exploration beyond the spatial distribution of events by incorporating the marks in the undertaken…

Methodology · Statistics 2023-09-06 Matthias Eckardt , Mehdi Moradi

These lecture notes are an extended version of my lectures on L\'evy and L\'evy-type (Feller) processes given at the "Second Barcelona Summer School on Stochastic Analysis" 2014 organized by the Centre de Recerca Matemaatica (CRM). The…

Probability · Mathematics 2016-10-18 René L. Schilling

In this paper, we develop two stochastic models where the variable under consideration follows Harris distribution. The mean and variance of the processes are derived and the processes are shown to be non-stationary. In the second model,…

Probability · Mathematics 2007-06-13 S Sherly , M K Jose , E Sandhya , N Raju

This paper is concerned with the development of rigorous approximations to various expectations associated with Markov chains and processes having non-stationary transition probabilities. Such non-stationary models arise naturally in…

Probability · Mathematics 2018-05-07 Zeyu Zheng , Harsha Honnappa , Peter W. Glynn

In this paper some general theory is presented for locally stationary processes based on the stationary approximation and the stationary derivative. Laws of large numbers, central limit theorems as well as deterministic and stochastic bias…

Statistics Theory · Mathematics 2017-11-21 Rainer Dahlhaus , Stefan Richter , Wei Biao Wu

Markov branching systems form a fundamental class of stochastic models that are extensively applied in biology, physics, finance, and other domains. These systems are distinguished by their continuous-time evolution and inherent branching…