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Option valuation problems are often solved using standard Monte Carlo (MC) methods. These techniques can often be enhanced using several strategies especially when one discretizes the dynamics of the underlying asset, of which we assume…

Computational Finance · Quantitative Finance 2018-06-06 P. P. Osei , A. Jasra

This paper presents a seamless algorithm for the application of the multilevel Monte Carlo (MLMC) method to the ensemble transform particle filter (ETPF). The algorithm uses a combination of optimal coupling transformations between coarse…

Numerical Analysis · Mathematics 2017-06-15 Alastair Gregory , Colin Cotter

We develop algorithms for computing expectations of the laws of models associated to stochastic differential equations (SDEs) driven by pure L\'evy processes. We consider filtering such processes and well as pricing of path dependent…

Computation · Statistics 2018-07-13 Ajay Jasra , Kody J. H. Law , Prince Peprah Osei

We consider the numerical approximation of the filtering problem in high dimensions, that is, when the hidden state lies in $\mathbb{R}^d$ with $d$ large. For low dimensional problems, one of the most popular numerical procedures for…

Computation · Statistics 2014-12-12 Alex Beskos , Dan Crisan , Ajay Jasra , Kengo Kamatani , Yan Zhou

In this paper we consider the filtering of partially observed multi-dimensional diffusion processes that are observed regularly at discrete times. This is a challenging problem which requires the use of advanced numerical schemes based upon…

Numerical Analysis · Mathematics 2026-01-14 Ajay Jasra , Mohamed Maama , Hernando Ombao

This paper extends the Multilevel Monte Carlo variance reduction technique to nonlinear filtering. In particular, Multilevel Monte Carlo is applied to a certain variant of the particle filter, the Ensemble Transform Particle Filter. A key…

Numerical Analysis · Mathematics 2016-02-24 Alastair Gregory , Colin Cotter , Sebastian Reich

Particle filtering methods can be applied to estimation problems in discrete spaces on bounded domains, to sample from and marginalise over unknown hidden states. As in continuous settings, problems such as particle degradation can arise:…

In this paper, we consider the filtering problem for partially observed diffusions, which are regularly observed at discrete times. We are concerned with the case when one must resort to time-discretization of the diffusion process if the…

Numerical Analysis · Mathematics 2020-04-09 Marco Ballesio , Ajay Jasra , Erik von Schwerin , Raul Tempone

In modern days, the ability to carry out computations in parallel is key to efficient implementations of computationally intensive algorithms. This paper investigates the applicability of the previously proposed Augmented Island Resampling…

Computation · Statistics 2023-12-12 Kari Heine

Sequential Monte Carlo algorithms, or Particle Filters, are Bayesian filtering algorithms which propagate in time a discrete and random approximation of the a posteriori distribution of interest. Such algorithms are based on Importance…

Computation · Statistics 2017-10-11 Roland Lamberti , Yohan Petetin , François Desbouvries , François Septier

Particle filters provide Monte Carlo approximations of intractable quantities such as point-wise evaluations of the likelihood in state space models. In many scenarios, the interest lies in the comparison of these quantities as some…

Methodology · Statistics 2016-07-19 Pierre E. Jacob , Fredrik Lindsten , Thomas B. Schön

Bootstrap particle filter (BPF) is the corner stone of many popular algorithms used for solving inference problems involving time series that are observed through noisy measurements in a non-linear and non-Gaussian context. The long term…

Computation · Statistics 2018-12-05 Kari Heine , Nick Whiteley , A. Taylan Cemgil

In this paper we consider the filtering of a class of partially observed piecewise deterministic Markov processes (PDMPs). In particular, we assume that an ordinary differential equation (ODE) drives the deterministic element and can only…

Computation · Statistics 2023-09-07 Ajay Jasra , Kengo Kamatani , Mohamed Maama

Recursive Monte Carlo filters, also called particle filters, are a powerful tool to perform computations in general state space models. We discuss and compare the accept--reject version with the more common sampling importance resampling…

Statistics Theory · Mathematics 2007-06-13 Hans R. Künsch

In the following article we consider the numerical approximation of the non-linear filter in continuous-time, where the observations and signal follow diffusion processes. Given access to high-frequency, but discrete-time observations, we…

Numerical Analysis · Mathematics 2020-06-11 Ajay Jasra , Fangyuan Yu , Jeremy Heng

The decentralized particle filter (DPF) was proposed recently to increase the level of parallelism of particle filtering. Given a decomposition of the state space into two nested sets of variables, the DPF uses a particle filter to sample…

Machine Learning · Statistics 2012-03-13 Mohamed Osama Ahmed , Pouyan T. Bibalan , Nando de Freitas , Simon Fauvel

In general-purpose particle detectors, the particle-flow algorithm may be used to reconstruct a comprehensive particle-level view of the event by combining information from the calorimeters and the trackers, significantly improving the…

Data Analysis, Statistics and Probability · Physics 2021-06-10 Joosep Pata , Javier Duarte , Jean-Roch Vlimant , Maurizio Pierini , Maria Spiropulu

In this article we consider recursive approximations of the smoothing distribution associated to partially observed stochastic differential equations (SDEs), which are observed discretely in time. Such models appear in a wide variety of…

Methodology · Statistics 2018-05-15 Jeremie Houssineau , Ajay Jasra , Sumeetpal S. Singh

In this work, we develop tracking and estimation techniques relevant to underwater targets. Particularly, we explore particle filtering techniques for target tracking. It is a numerical approximation method for implementing a recursive…

Signal Processing · Electrical Eng. & Systems 2019-10-11 T M Feroz Ali

Sequential Monte Carlo methods have been a major breakthrough in the field of numerical signal processing for stochastic dynamical state-space systems with partial and noisy observations. However, these methods still present certain…

Applications · Statistics 2023-12-14 Samuel Nyobe , Fabien Campillo , Serge Moto , Vivien Rossi
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