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SupOU processes are superpositions of Ornstein-Uhlenbeck type processes with a random intensity parameter. They are stationary processes whose marginal distribution and dependence structure can be specified independently. Integrated supOU…

Probability · Mathematics 2021-03-18 Danijel Grahovac , Nikolai N. Leonenko , Murad S. Taqqu

The so-called "supOU" processes, namely the superpositions of Ornstein-Uhlenbeck type processes are stationary processes for which one can specify separately the marginal distribution and the dependence structure. They can have finite or…

Probability · Mathematics 2019-08-22 Danijel Grahovac , Nikolai N. Leonenko , Murad S. Taqqu

It has been recently discovered that some random processes may satisfy limit theorems even though they exhibit intermittency, namely an unusual growth of moments. In this paper we provide a deeper understanding of these intricate limiting…

Probability · Mathematics 2022-11-23 Danijel Grahovac , Nikolai N. Leonenko , Murad S. Taqqu

Superpositions of Ornstein-Uhlenbeck type (supOU) processes form a rich class of stationary processes with a flexible dependence structure. The asymptotic behavior of the integrated and partial sum supOU processes can be, however, unusual.…

Probability · Mathematics 2017-08-08 Danijel Grahovac , Nikolai N. Leonenko , Anna Sikorskii , Murad S. Taqqu

The phenomenon of intermittency has been widely discussed in physics literature. This paper provides a model of intermittency based on L\'evy driven Ornstein-Uhlenbeck (OU) type processes. Discrete superpositions of these processes can be…

Probability · Mathematics 2016-10-12 Danijel Grahovac , Nikolai N. Leonenko , Alla Sikorskii , Irena Tešnjak

In this paper we consider sample path growth of superpositions of Ornstein--Uhlenbeck type processes (supOU). SupOU processes are stationary infinitely divisible processes defined as integrals with respect to a random measure. They allow…

Probability · Mathematics 2024-09-25 Danijel Grahovac , Peter Kevei

Univariate superpositions of Ornstein--Uhlenbeck-type processes (OU), called supOU processes, provide a class of continuous time processes capable of exhibiting long memory behavior. This paper introduces multivariate supOU processes and…

Probability · Mathematics 2011-01-04 Ole Eiler Barndorff-Nielsen , Robert Stelzer

Superpositions of Ornstein-Uhlenbeck processes allow a flexible dependence structure, including long range dependence for OU-type processes. Their complex asymptotics are governed by three effects: the behavior of the L\'evy measure both at…

Probability · Mathematics 2024-09-25 Danijel Grahovac , Peter Kevei

We study the limiting behavior of continuous time trawl processes which are defined using an infinitely divisible random measure of a time dependent set. In this way one is able to define separately the marginal distribution and the…

Probability · Mathematics 2017-08-10 Danijel Grahovac , Nikolai N. Leonenko , Murad S. Taqqu

In this paper we consider an Ornstein-Uhlenbeck (OU) process $(M(t))_{t\geqslant 0}$ whose parameters are determined by an external Markov process $(X(t))_{t\geqslant 0}$ on a finite state space $\{1,\ldots,d\}$; this process is usually…

Probability · Mathematics 2024-06-06 Gang Huang , Marijn Jansen , Michel Mandjes , Peter Spreij , Koen De Turck

This paper is a continuation of our recent paper (Elect. J. Probab. 24 (2019), no. 141) and is devoted to the asymptotic behavior of a class of supercritical super Ornstein-Uhlenbeck processes $(X_t)_{t\geq 0}$ with branching mechanisms of…

Probability · Mathematics 2020-09-28 Yan-Xia Ren , Renming Song , Zhenyao Sun , Jianjie Zhao

Scaling limits for continuous-time branching processes with discrete state space are provided as the initial state tends to infinity. Depending on the finiteness or non-finiteness of the mean and/or the variance of the offspring…

Probability · Mathematics 2021-05-05 Martin Möhle , Benedict Vetter

This paper studies one-dimensional Ornstein-Uhlenbeck processes, with the distinguishing feature that they are reflected on a single boundary (put at level 0) or two boundaries (put at levels 0 and d>0). In the literature they are referred…

Probability · Mathematics 2014-07-03 Gang Huang , Michel Mandjes , Peter Spreij

This paper studies subordinate Ornstein-Uhlenbeck (OU) processes, i.e., OU diffusions time changed by L\'{e}vy subordinators. We construct their sample path decomposition, show that they possess mean-reverting jumps, study their equivalent…

Pricing of Securities · Quantitative Finance 2012-04-18 Lingfei Li , Vadim Linetsky

In this paper we consider convergence of moments in the small-time limit theorems for L\'evy processes. We provide precise asymptotics for all the absolute moments of positive order. The convergence of moments in limit theorems holds…

Probability · Mathematics 2022-04-26 Danijel Grahovac

Several integrate-to-threshold models with differing temporal integration mechanisms have been proposed to describe the accumulation of sensory evidence to a prescribed level prior to motor response in perceptual decision-making tasks. An…

Neurons and Cognition · Quantitative Biology 2009-01-16 Xiang Zhou , KongFatt Wong-Lin , Philip Holmes

We consider the limiting behavior of fluctuations of small noise diffusions with multiple scales around their homogenized deterministic limit. We allow full dependence of the coefficients on the slow and fast motion. These processes arise…

Probability · Mathematics 2015-02-20 Konstantinos Spiliopoulos

We study the full distribution of $A=\int_{0}^{T}x^{n}\left(t\right)dt$, $n=1,2,\dots$, where $x\left(t\right)$ is an Ornstein-Uhlenbeck process. We find that for $n>2$ the long-time ($T \to \infty$) scaling form of the distribution is of…

Statistical Mechanics · Physics 2022-01-21 Naftali R. Smith

We consider a positive stationary generalized Ornstein--Uhlenbeck process \[V_t=\mathrm{e}^{-\xi_t}\biggl(\int_0^t\mathrm{e}^{\xi_{s-}}\ ,\mathrm{d}\eta_s+V_0\biggr)\qquadfor t\geq0,\] and the increments of the integrated generalized…

Statistics Theory · Mathematics 2010-02-24 Vicky Fasen

We study the stochastic growth process in discrete time $x_{i+1} = (1 + \mu_i) x_i$ with growth rate $\mu_i = \rho e^{Z_i - \frac12 var(Z_i)}$ proportional to the exponential of an Ornstein-Uhlenbeck (O-U) process $dZ_t = - \gamma Z_t dt +…

Probability · Mathematics 2022-09-07 Dan Pirjol
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