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We introduce the class of continuous-time autoregressive moving-average (CARMA) processes in Hilbert spaces. As driving noises of these processes we consider Levy processes in Hilbert space. We provide the basic definitions, show relevant…

Probability · Mathematics 2017-01-18 Fred Espen Benth , Andre Suess

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

State-space models are used in a wide range of time series analysis formulations. Kalman filtering and smoothing are work-horse algorithms in these settings. While classic algorithms assume Gaussian errors to simplify estimation, recent…

Optimization and Control · Mathematics 2018-07-02 Jonathan Jonker , Aleksandr Y. Aravkin , James V. Burke , Gianluigi Pillonetto , Sarah Webster

In this paper we show that stationary and non-stationary multivariate continuous-time ARMA (MCARMA) processes have the representation as a sum of multivariate complex-valued Ornstein-Uhlenbeck processes under some mild assumptions. The…

Statistics Theory · Mathematics 2021-02-24 Vicky Fasen-Hartmann , Markus Scholz

We derive a closed-form expression for the finite predictor coefficients of multivariate ARMA (autoregressive moving-average) processes. The expression is given in terms of several explicit matrices that are of fixed sizes independent of…

Probability · Mathematics 2019-12-23 Akihiko Inoue

In this paper we study the simple semi-L\'evy driven continuous-time generalized autoregressive conditionally heteroscedastic (SS-COGARCH) process. The statistical properties of this process are characterized. This process has the potential…

Statistics Theory · Mathematics 2018-03-05 M. Mohammadi , S. Rezakhah , N. Modarresi

This paper considers the problem of system identification for linear time varying systems. We propose a new system realization approach that uses an "information-state" as the state vector, where the "information-state" is composed of a…

Systems and Control · Electrical Eng. & Systems 2024-04-08 Mohamed Naveed Gul Mohamed , Raman Goyal , Suman Chakravorty , Ran Wang

A serious flaw in the proof of the equivalence of continuous time state space models and MCARMA processes spotted in Fasen and Schenk (2024) is corrected. We point out that likewise an issue in the proof of Theorem 3.2 in Brockwell and…

Probability · Mathematics 2024-11-12 Robert Stelzer

We study the problem of stationarity and ergodicity for autoregressive multinomial logistic time series models which possibly include a latent process and are defined by a GARCH-type recursive equation. We improve considerably upon the…

Statistics Theory · Mathematics 2018-10-02 Konstantinos Fokianos , Lionel Truquet

A novel first-order moving-average model for analyzing time series observed at irregularly spaced intervals is introduced. Two definitions are presented, which are equivalent under Gaussianity. The first one relies on normally distributed…

Statistics Theory · Mathematics 2021-05-14 Cesar Ojeda , Wilfredo Palma , Susana Eyheramendy , Felipe Elorrieta

In this paper we suggest two continuous-time models which exhibit an autoregressive structure. We obtain existence and uniqueness results and study the structure of the solution processes. One of the models, which corresponds to general…

Probability · Mathematics 2018-11-13 Andreas Basse-O'Connor , Mikkel Slot Nielsen , Jan Pedersen , Victor Rohde

In this study we show how to represent a continuous time autoregressive moving average (CARMA) as a higher order stochastic delay differential equation, which may be thought of as a continuous-time equivalent of the AR($\infty$)…

Probability · Mathematics 2018-03-12 Andreas Basse-O'Connor , Mikkel Slot Nielsen , Jan Pedersen , Victor Rohde

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

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

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

Symmetric matrix-valued dynamical systems are an important class of systems that can describe important processes such as covariance/second-order moment processes, or processes on manifolds and Lie Groups. We address here the case of…

Optimization and Control · Mathematics 2023-10-03 Corentin Briat

We propose a pseudo-structural framework for analyzing contemporaneous co-movements in reduced-rank matrix autoregressive (RRMAR) models. Unlike conventional vector-autoregressive (VAR) models that would discard the matrix structure, our…

Econometrics · Economics 2025-09-25 Alain Hecq , Ivan Ricardo , Ines Wilms

Bayesian analysis of state-space models includes computing the posterior distribution of the system's parameters as well as filtering, smoothing, and predicting the system's latent states. When the latent states wander around $\mathbb{R}^n$…

Methodology · Statistics 2013-12-24 Jesse Windle , Carlos M. Carvalho

This is a survey of some recent results on the rational circulant covariance extension problem: Given a partial sequence $(c_0,c_1,\dots,c_n)$ of covariance lags $c_k=\mathbb{E}\{y(t+k)\overline{y(t)}\}$ emanating from a stationary periodic…

Statistics Theory · Mathematics 2015-12-18 Anders Lindquist , Giorgio Picci

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