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In this article we study multivariate continuous-time autoregressive moving-average (MCARMA) processes with values in convex cones. More specifically, we introduce matrix-valued MCARMA processes with L\'evy noise and present necessary and…

Probability · Mathematics 2023-06-19 Fred Espen Benth , Sven Karbach

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

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

We obtain necessary and sufficient conditions for the existence of strictly stationary solutions of multivariate ARMA equations with independent and identically distributed noise. For general ARMA$(p,q)$ equations these conditions are…

Statistics Theory · Mathematics 2011-05-19 Peter J. Brockwell , Alexander Lindner , Bernd Vollenbroeker

High-frequency sampled multivariate continuous time autoregressive moving average processes are investigated. We obtain asymptotic expansion for the spectral density of the sampled MCARMA process $(Y_{n\Delta})_{n \in \mathbb{Z}}$ as…

Probability · Mathematics 2015-09-14 Peter Kevei

The paper considers high frequency sampled multivariate continuous-time ARMA (MCARMA) models, and derives the asymptotic behavior of the sample autocovariance function to a normal random matrix. Moreover, we obtain the asymptotic behavior…

Statistics Theory · Mathematics 2015-08-10 Vicky Fasen

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

In this paper we present a robust estimator for the parameters of a continuous-time ARMA(p,q) (CARMA(p,q)) process sampled equidistantly which is not necessarily Gaussian. Therefore, an indirect estimation procedure is used. It is an…

Statistics Theory · Mathematics 2019-11-11 Vicky Fasen-Hartmann , Sebastian Kimmig

The literature on time series of functional data has focused on processes of which the probabilistic law is either constant over time or constant up to its second-order structure. Especially for long stretches of data it is desirable to be…

Methodology · Statistics 2020-07-21 Anne van Delft , Michael Eichler

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

The class of multivariate L\'{e}vy-driven autoregressive moving average (MCARMA) processes, the continuous-time analogs of the classical vector ARMA processes, is shown to be equivalent to the class of continuous-time state space models.…

Statistics Theory · Mathematics 2012-03-02 Eckhard Schlemm , Robert Stelzer

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 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

For a multivariate stationary process, we develop explicit representations for the finite predictor coefficient matrices, the finite prediction error covariance matrices and the partial autocorrelation function (PACF) in terms of the…

Probability · Mathematics 2016-09-05 Akihiko Inoue , Yukio Kasahara , Mohsen Pourahmadi

In this paper, we examine continuous-time autoregressive moving-average (CARMA) processes on Banach spaces driven by L\'evy subordinators. We show their existence and cone-invariance, investigate their first and second order moment…

Probability · Mathematics 2025-05-15 Fred Espen Benth , Sven Karbach , Asma Khedher

We apply random matrix theory to derive spectral density of large sample covariance matrices generated by multivariate VMA(q), VAR(q) and VARMA(q1,q2) processes. In particular, we consider a limit where the number of random variables N and…

Statistical Finance · Quantitative Finance 2015-05-18 Zdzisław Burda , Andrzej Jarosz , Maciej A. Nowak , Małgorzata Snarska

In this paper we define and characterize cointegrated continuous-time linear state-space models. A main result is that a cointegrated continuous-time linear state-space model can be represented as a sum of a L\'evy process and a stationary…

Probability · Mathematics 2018-01-03 Vicky Fasen-Hartmann , Markus Scholz

We are studying stationary random processes with conditional polynomial moments that allow a continuous path modification. Processes with continuous path modification, are important because they are relatively easy to simulate. One does not…

Probability · Mathematics 2024-11-21 Paweł J. Szabłowski

In this paper, we give a AR$(1)$ type of characterization covering all multivariate strictly stationary processes indexed by the set of integers. Consequently, we derive continuous time algebraic Riccati equations for the parameter matrix…

Statistics Theory · Mathematics 2019-11-05 Marko Voutilainen

We present an outline of the theory of certain L\'evy-driven, multivariate stochastic processes, where the processes are represented by rational transfer functions (Continuous-time AutoRegressive Moving Average or CARMA models) and their…

Probability · Mathematics 2012-01-04 Robert Stelzer
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