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This paper presents new results on the Edgeworth expansion for high frequency functionals of continuous diffusion processes. We derive asymptotic expansions for weighted functionals of the Brownian motion and apply them to provide the…

Probability · Mathematics 2013-09-10 Mark Podolskij , Nakahiro Yoshida

In this paper we present the Edgeworth expansion for the Euler approximation scheme of a continuous diffusion process driven by a Brownian motion. Our methodology is based upon a recent work \cite{Yoshida2013}, which establishes Edgeworth…

Probability · Mathematics 2018-11-20 Mark Podolskij , Bezirgen Veliyev , Nakahiro Yoshida

We develop Edgeworth expansion theory for spot volatility estimator under general assumptions on the log-price process that allow for drift and leverage effect. The result is based on further estimation of skewness and kurtosis, when…

Statistics Theory · Mathematics 2020-07-23 Lidan He , Qiang Liu , Zhi Liu

In this paper, we derive valid Edgeworth expansions for studentized versions of a large class of statistics when the data are generated by a strongly mixing process. Under dependence, the asymptotic variance of such a statistic is given by…

Statistics Theory · Mathematics 2010-01-13 S. N. Lahiri

An Edgeworth-type expansion is established for the entropy distance to the class of normal distributions of sums of i.i.d. random variables or vectors, satisfying minimal moment conditions.

Probability · Mathematics 2013-07-25 Sergey G. Bobkov , Gennadiy P. Chistyakov , Friedrich Götze

The random vector of frequencies in a generalized urn model is viewed as conditionally independent random variables, given their sum. Such a representation is exploited to derive Edgeworth expansions for a sum of functions of such…

Probability · Mathematics 2014-01-20 Sh. M. Mirakhmedov , S. Rao Jammalamadaka , Ibrahim B. Mohamed

We study nonparametric estimation of the diffusion coefficient from discrete data, when the observations are blurred by additional noise. Such issues have been developed over the last 10 years in several application fields and in particular…

Statistics Theory · Mathematics 2011-12-30 Marc Hoffmann , Axel Munk , Johannes Schmidt-Hieber

We develop generalized approach to obtaining Edgeworth expansions for $t$-statistics of an arbitrary order using computer algebra and combinatorial algorithms. To incorporate various versions of mean-based statistics, we introduce Adjusted…

Statistics Theory · Mathematics 2021-05-18 Inna Gerlovina , Alan E. Hubbard

We provide a general method to analyze the asymptotic properties of a variety of estimators of continuous time diffusion processes when the data are not only discretely sampled in time but the time separating successive observations may…

Statistics Theory · Mathematics 2007-06-13 Yacine Ait-Sahalia , Per A. Mykland

The validity of an approximation formula for European option prices under a general stochastic volatility model is proved in the light of the Edgeworth expansion for ergodic diffusions. The asymptotic expansion is around the Black-Scholes…

Computational Finance · Quantitative Finance 2010-04-14 Masaaki Fukasawa

This paper provides a finite sample bound for the error term in the Edgeworth expansion for a sum of independent, potentially discrete, nonlattice random vectors, using a uniform-in-$P$ version of the weaker Cram\'{e}r condition in Angst…

Statistics Theory · Mathematics 2019-08-14 Kyungchul Song

In [8], asymptotic expansion of the martingale with mixed normal limit was provided. The expansion formula is expressed by the adjoint of a random symbol with coefficients described by the Malliavin calculus, differently from the standard…

Probability · Mathematics 2012-12-27 Nakahiro Yoshida

We study a Edgeworth-type refinement of the central limit theorem for the discretizacion error of It\^o integrals. Towards this end, we introduce a new approach, based on the anticipating It\^o formula. This alternative technique allows us…

Probability · Mathematics 2018-02-22 Elisa Alòs , Masaaki Fukasawa

We study the distribution of a general class of asymptoticallylinear statistics which are symmetric functions of $N$ independent observations. The distribution functions of these statistics are approximated by an Edgeworth expansion with a…

Statistics Theory · Mathematics 2021-02-09 Friedrich Götze , Mindaugas Bloznelis

In this article we generalize the classical Edgeworth expansion for the probability density function (PDF) of sums of a finite number of symmetric independent identically distributed random variables with a finite variance to sums of…

Statistical Mechanics · Physics 2015-05-20 Netanel Hazut , Shlomi Medalion , David A. Kessler , Eli Barkai

We establish the validity of the empirical Edgeworth expansion (EE) for a studentized trimmed mean, under the sole condition that the underlying distribution function of the observations satisfies a local smoothness condition near the two…

Statistics Theory · Mathematics 2011-06-28 Nadezhda Gribkova , Roelof Helmers

Understanding the distributions of spectral estimators in low-rank random matrix models, also known as signal-plus-noise matrix models, is fundamentally important in various statistical learning problems, including network analysis, matrix…

Statistics Theory · Mathematics 2024-03-15 Fangzheng Xie , Yichi Zhang

This paper studies higher-order inference properties of nonparametric local polynomial regression methods under random sampling. We prove Edgeworth expansions for $t$ statistics and coverage error expansions for interval estimators that (i)…

Econometrics · Economics 2021-07-26 Sebastian Calonico , Matias D. Cattaneo , Max H. Farrell

In this short note, we prove an asymptotic expansion for the ratio of the Dirichlet density to the multivariate normal density with the same mean and covariance matrix. The expansion is then used to derive an upper bound on the total…

Statistics Theory · Mathematics 2022-05-25 Frédéric Ouimet

The article is devoted to the nonparametric estimation of the quadratic covariation of non-synchronously observed It\^o processes in an additive microstructure noise model. In a high-frequency setting, we aim at establishing an asymptotic…

Statistics Theory · Mathematics 2011-06-22 Markus Bibinger
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