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We study a least squares estimator for an unknown parameter in the drift coefficient of a path- distribution dependent stochastic differential equation involving a small dispersion parameter epsilon greater than zero. The estimator, based…

Probability · Mathematics 2018-02-06 Panpan Ren , Jiang-Lun Wu

In this paper we prove an approximate formula expressed in terms of elementary functions for the implied volatility in the Heston model. The formula consists of the constant and first order terms in the large maturity expansion of the…

Pricing of Securities · Quantitative Finance 2015-05-14 Martin Forde , Antoine Jacquier , Aleksandar Mijatovic

We study the maximum likehood estimator and least squares estimator for drift parameters of nonlinear reflected stochastic differential equations based on continuous observations. Under some regular conditions, we obtain the consistency and…

Statistics Theory · Mathematics 2022-05-04 Han Yuecai , Zhang Dingwen

In this article we study the asymptotic behaviour of the least square estimator in a linear regression model based on random observation instances. We provide mild assumptions on the moments and dependence structure on the randomly spaced…

Statistics Theory · Mathematics 2021-10-07 Karine Bertin , Soledad Torres , Lauri Viitasaari

We study semiparametric varying-coefficient partially linear models when some linear covariates are not observed, but ancillary variables are available. Semiparametric profile least-square based estimation procedures are developed for…

Statistics Theory · Mathematics 2009-03-04 Yong Zhou , Hua Liang

This paper deals with the drift estimation in linear stochastic evolution equations (with emphasis on linear SPDEs) with additive fractional noise (with Hurst index ranging from 0 to 1) via least-squares procedure. Since the least-squares…

Probability · Mathematics 2022-03-11 Pavel Kříž , Jana Šnupárková

In recent years, there has been a substantive interest in rough volatility models. In this class of models, the local behavior of stochastic volatility is much more irregular than semimartingales and resembles that of a fractional Brownian…

Statistics Theory · Mathematics 2024-06-17 Carsten Chong , Marc Hoffmann , Yanghui Liu , Mathieu Rosenbaum , Grégoire Szymanski

Covariance parameter estimation of Gaussian processes is analyzed in an asymptotic framework. The spatial sampling is a randomly perturbed regular grid and its deviation from the perfect regular grid is controlled by a single scalar…

Statistics Theory · Mathematics 2014-12-09 François Bachoc

We deal with the problem of the mean square optimal estimation of linear transformations of the unobserved values of a continuous time stochastic process with periodically correlated increments. Estimates are based on observations of the…

Statistics Theory · Mathematics 2024-02-12 Maksym Luz , Mikhail Moklyachuk

Maximizing the likelihood has been widely used for estimating the unknown covariance parameters of spatial Gaussian processes. However, evaluating and optimizing the likelihood function can be computationally intractable, particularly for…

Statistics Theory · Mathematics 2019-07-16 Hossein Keshavarz , XuanLong Nguyen , Clayton Scott

In this paper, we study the estimation of the threshold predictive regression model with hybrid stochastic local unit root predictors. We demonstrate the estimation procedure and derive the asymptotic distribution of the least square…

Econometrics · Economics 2023-05-16 Christis Katsouris

Given any domain $X\subseteq \mathbb{R}^d$ and a probability measure $\rho$ on $X$, we study the problem of approximating in $L^2(X,\rho)$ a given function $u:X\to\mathbb{R}$, using its noiseless pointwise evaluations at random samples. For…

Numerical Analysis · Mathematics 2019-07-11 Giovanni Migliorati

This paper deals with the consistency of the least squares estimator of a convex regression function when the predictor is multidimensional. We characterize and discuss the computation of such an estimator via the solution of certain…

Statistics Theory · Mathematics 2015-03-13 Emilio Seijo , Bodhisattva Sen

The Heston stochastic volatility model is arguably, the most popular stochastic volatility model used to price and risk manage exotic derivatives. In spite of this, it is not necessarily easy to calibrate to the market and obtain stable…

Pricing of Securities · Quantitative Finance 2025-12-23 Jherek Healy

An effective two-stage method for an estimation of parameters of the linear regression is considered. For this purpose we introduce a certain quasi-estimator that, in contrast to usual estimator, produces two alternative estimates. It is…

Statistics Theory · Mathematics 2010-10-06 Anatoly Gordinsky

Statistical inference for a linear stochastic hyperbolic equation with two unknown parameters is studied. Based on observation of coordinates of the solution or their linear combination, minimum contrast estimators are introduced. Strong…

Probability · Mathematics 2018-06-21 Josef Janák

Rough volatility models are continuous time stochastic volatility models where the volatility process is driven by a fractional Brownian motion with the Hurst parameter smaller than half, and have attracted much attention since a seminal…

Statistics Theory · Mathematics 2019-05-20 Masaaki Fukasawa , Tetsuya Takabatake , Rebecca Westphal

We study a least squares estimator $\hat {\theta}_T$ for the Ornstein-Uhlenbeck process, $dX_t=\theta X_t dt+\sigma dB^H_t$, driven by fractional Brownian motion $B^H$ with Hurst parameter $H\ge \frac12$. We prove the strong consistence of…

Probability · Mathematics 2009-02-02 Yaozhong Hu , David Nualart

The Poisson process is the most elementary continuous-time stochastic process that models a stream of repeating events. It is uniquely characterised by a single parameter called the rate. Instead of a single value for this rate, we here…

Probability · Mathematics 2019-06-05 Alexander Erreygers , Jasper De Bock

We provide a computationally and statistically efficient method for estimating the parameters of a stochastic covariance model observed on a regular spatial grid in any number of dimensions. Our proposed method, which we call the Debiased…

Methodology · Statistics 2022-04-27 Arthur P. Guillaumin , Adam M. Sykulski , Sofia C. Olhede , Frederik J. Simons