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We develop a model for point processes on the real line, where the intensity can be locally unbounded without inducing an explosion. In contrast to an orderly point process, for which the probability of observing more than one event over a…

Econometrics · Economics 2026-01-16 Kim Christensen , Alexei Kolokolov

The common assumption of universal behavior in stock market data can sometimes lead to false conclusions. In statistical physics, the Hurst exponents characterizing long-range correlations are often closely related to universal exponents.…

Physics and Society · Physics 2015-06-26 Zoltan Eisler , Janos Kertesz

Under long memory, the limit theorems for normalized sums of random variables typically involve a positive integer called "Hermite rank". There is a different limit for each Hermite rank. From a statistical point of view, however, we argue…

Statistics Theory · Mathematics 2017-11-03 Shuyang Bai , Murad S. Taqqu

We argue that the distributions of both the intrinsic fluence and the intrinsic duration of the gamma-ray emission in gamma-ray bursts from the BATSE sample are well represented by log-normal distributions, in which the intrinsic dispersion…

Astrophysics · Physics 2007-05-23 L. G. Balazs , P. Meszaros , Z. Bagoly , I. Horvath , A. Meszaros

The conventional formal tool to detect effects of the financial persistence is in terms of the Hurst exponent. A typical corresponding result is that its value comes out close to 0.5, as characteristic for geometric Brownian motion, with at…

Physics and Society · Physics 2008-12-02 R. Rak , S. Drozdz , J. Kwapien , P. Oswiecimka

This paper investigates the continuous-time limit of score-driven models with long memory. By extending score-driven models to incorporate infinite-lag structures with coefficients exhibiting heavy-tailed decay, we establish their weak…

Probability · Mathematics 2025-12-09 Yinhao Wu , Ping He

A sizeable fraction of gamma-ray burst (GRB) time profiles consist of a temporal sequence of pulses. The nature of this stochastic process carries information on how GRB inner engines work. The so-called interpulse time defines the interval…

High Energy Astrophysical Phenomena · Physics 2014-12-02 A. Baldeschi , C. Guidorzi

The speech auditory brainstem response (sABR) is an objective clinical tool to diagnose particular impairments along the auditory brainstem pathways. We explore the scaling behavior of the brainstem in response to synthetic /da/ stimuli…

Quantitative Methods · Quantitative Biology 2019-04-02 Marjan Mozaffarilegha , S. M. S. Movahed

There is a consensus that human and non-human subjects experience temporal distortions in many stages of their perceptual and decision-making systems. Similarly, intertemporal choice research has shown that decision-makers undervalue future…

Neurons and Cognition · Quantitative Biology 2016-05-31 Pedro A. Ortega , Naftali Tishby

Stochastic comparisons of series and parallel systems are important in many areas of engineering, operations research and reliability analysis. These comparisons allow for the evaluation of the performance and reliability of systems under…

Statistics Theory · Mathematics 2025-06-09 CM Revathi , Rajesh Moharana , Raju Bhakta

This paper studies and analyses the behavior of the Long-Range Dependence in network traffic after classifying traffic flows in aggregated time series. Following Differentiated Services architecture principles, the generic Quality of…

Signal Processing · Electrical Eng. & Systems 2021-03-09 G. Millán

We construct a two-sample test for comparison of long memory parameters based on ratios of two rescaled variance (V/S) statistics studied in [Giraitis L., Leipus, R., Philippe, A., 2006. A test for stationarity versus trends and unit roots…

Statistics Theory · Mathematics 2010-02-16 Frédéric Lavancier , Anne Philippe , Donatas Surgailis

The local Hurst exponent, a measure employed to detect the presence of dependence in a time series, may also be used to investigate the source of intraday variation observed in the returns in foreign exchange markets. Given that changes in…

Statistics Theory · Mathematics 2009-11-10 Jonathan A. Batten , Craig A. Ellis , Warren P. Hogan

We present a deep long short-term memory (LSTM)-based neural network for predicting asset prices, together with a successful trading strategy for generating profits based on the model's predictions. Our work is motivated by the fact that…

Statistical Finance · Quantitative Finance 2019-05-09 Chariton Chalvatzis , Dimitrios Hristu-Varsakelis

Prognostics or Remaining Useful Life (RUL) Estimation from multi-sensor time series data is useful to enable condition-based maintenance and ensure high operational availability of equipment. We propose a novel deep learning based approach…

Machine Learning · Computer Science 2021-03-05 Vishnu TV , Diksha , Pankaj Malhotra , Lovekesh Vig , Gautam Shroff

Distinguishing long-memory behaviour from nonstationarity is challenging, as both produce slowly decaying sample autocovariances. Existing stationarity tests either fail to account for long-memory processes or exhibit poor empirical size,…

Methodology · Statistics 2025-10-29 Mohamedou Ould Haye , Anne Philippe

The evaluation of the financial markets to predict their behaviour have been attempted using a number of approaches, to make smart and profitable investment decisions. Owing to the highly non-linear trends and inter-dependencies, it is…

Statistical Finance · Quantitative Finance 2022-08-02 Shaswat Mohanty , Anirudh Vijay , Nandagopan Gopakumar

Modeling financial markets based on empirical data poses challenges in selecting the most appropriate models. Despite the abundance of empirical data available, researchers often face difficulties in identifying the best-fitting model.…

Physics and Society · Physics 2023-10-18 Vygintas Gontis

We investigate the correlation properties of transaction data from the New York Stock Exchange. The trading activity f(t) of each stock displays a crossover from weaker to stronger correlations at time scales 60-390 minutes. In both…

Physics and Society · Physics 2008-12-02 Zoltan Eisler , Janos Kertesz

This article explores the required amount of time series points from a high-speed traffic network to accurately estimate the Hurst exponent. The methodology consists in designing an experiment using estimators that are applied to time…

Applications · Statistics 2021-03-09 G. Millán
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