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In this paper, we construct a sequence of discrete time stochastic processes that converges in probability and in the Skorokhod metric to a COGARCH(p,q) model. The result is useful for the estimation of the continuous model defined for…

Statistics Theory · Mathematics 2015-12-08 Stefano M. Iacus , Lorenzo Mercuri , Edit Rroji

In this paper, the parameter estimation of ARMA(p,q) model is given by approximate Bayesian computation algorithm. In order to improve the sampling efficiency of the algorithm, approximate Bayesian computation should select as many…

Computation · Statistics 2019-05-01 Linghui Li , Anshui Li , Huizeng Zhang

COGARCH models are continuous time version of the well known GARCH models of financial returns. They are solution of a stochastic differential equation driven by a L\'evy process. The first aim of this paper is to show how the method of…

Probability · Mathematics 2014-11-03 Enrico Bibbona , Ilia Negri

This paper proposes averaging estimation methods to improve the finite-sample efficiency of the instrumental variables quantile regression (IVQR) estimation. First, I apply Cheng, Liao, Shi's (2019) averaging GMM framework to the IVQR…

Econometrics · Economics 2024-05-10 Xin Liu

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

We describe a statistical model to estimate the covariance matrix of matter tracer two-point correlation functions with cosmological simulations. Assuming a fixed number of cosmological simulation runs, we describe how to build a…

Cosmology and Nongalactic Astrophysics · Physics 2015-06-15 Christopher B. Morrison , Michael D. Schneider

For the multivariate COGARCH process, we obtain explicit expressions for the second-order structure of the "squared returns" process observed on an equidistant grid. Based on this, we present a generalized method of moments estimator for…

Statistics Theory · Mathematics 2021-02-03 Thiago do Rêgo Sousa , Robert Stelzer

Thanks to their ability to capture complex dependence structures, copulas are frequently used to glue random variables into a joint model with arbitrary marginal distributions. More recently, they have been applied to solve statistical…

Methodology · Statistics 2022-08-22 Thomas Nagler , Thibault Vatter

An approach to the modelling of volatile time series using a class of uniformity-preserving transforms for uniform random variables is proposed. V-transforms describe the relationship between quantiles of the stationary distribution of the…

Risk Management · Quantitative Finance 2021-01-13 Alexander J. McNeil

For numerical approximations to stochastic differential equations using the Euler-Maruyama scheme, we propose incorporating approximate random variables computed using low precisions, such as single and half precision. We propose and…

Numerical Analysis · Mathematics 2024-07-17 Oliver Sheridan-Methven , Michael Giles

In the paper, we use and investigate copulas models to represent multivariate dependence in financial time series. We propose the algorithm of risk measure computation using copula models. Using the optimal mean-$CVaR$ portfolio we compute…

Risk Management · Quantitative Finance 2017-07-13 Mikhail Semenov , Daulet Smagulov

An ARMA model can be fully determined based on either its spectral density, or its correlogram, i.e. a formula for computing the corresponding k th serial correlation for any integer k. In this article we describe how to find, given one of…

Statistics Theory · Mathematics 2014-06-24 Jan Vrbik

Cost estimation is a very crucial field for software developing companies. In the context of learning organizations, estimation applicability and accuracy are not the only acceptance criteria. The contribution of an estimation technique to…

Software Engineering · Computer Science 2014-02-12 Adam Trendowicz , Jens Heidrich , Jürgen Münch

State estimation is the task of approximately reconstructing a solution $u$ of a parametric partial differential equation when the parameter vector $y$ is unknown and the only information is $m$ linear measurements of $u$. In [Cohen et.…

Numerical Analysis · Mathematics 2021-03-09 James A. Nichols

We address structured covariance estimation in Elliptical distribution. We assume it is a priori known that the covariance belongs to a given convex set, e.g., the set of Toeplitz or banded matrices. We consider the General Method of…

Statistics Theory · Mathematics 2013-11-05 Ilya Soloveychik , Ami Wiesel

We describe the technique how to use the symbol in order to calculate the generator and the characteristics of an It\^o process. As an example we analyze the COGARCH process which is used to model financial data.

Probability · Mathematics 2012-08-09 Alexander Schnurr

Statistical emulators of computer simulators have proven to be useful in a variety of applications. The widely adopted model for emulator building, using a Gaussian process model with strictly positive correlation function, is…

Methodology · Statistics 2012-02-29 Cari G. Kaufman , Derek Bingham , Salman Habib , Katrin Heitmann , Joshua A. Frieman

Risk assessment of hurricane-driven storm surge relies on deterministic computer models that produce outputs over a large spatial domain. The surge models can often be run at a range of fidelity levels, with greater precision yielding more…

Methodology · Statistics 2026-03-31 Cyrus S. McCrimmon , Pulong Ma

In this article, we propose a new method for calculating the mixed correlation coefficient (Pearson, polyserial and polychoric) matrix and its covariance matrix based on the GMM framework. We build moment equations for each coefficient and…

Computation · Statistics 2024-04-11 Ben Liu , Peng Zhang , Yi Feng , Xiaowei Lou

We describe here a new method to estimate copula measure. From N observations of two variables X and Y, we draw a huge number m of subsamples (size n<N), and we compute the joint ranks in these subsamples. Then, for each bivariate rank…

Methodology · Statistics 2007-09-26 Jérôme Collet
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