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This paper explores the theory behind the rich and robust family of {\alpha}-stable distributions to estimate parameters from financial asset log-returns data. We discuss four-parameter estimation methods including the quantiles,…

Economics · Quantitative Finance 2017-06-30 Michael Kateregga , Sure Mataramvura , David Taylor

In this article, we construct empirical likelihood (EL)-weighted estimators of linear functionals of a probability measure in the presence of side information. Motivated by nuisance parameters in semiparametric models with possibly infinite…

Statistics Theory · Mathematics 2023-01-25 Shan Wang , Hanxiang Peng

Parametric estimation for diffusion processes is considered for high frequency observations over a fixed time interval. The processes solve stochastic differential equations with an unknown parameter in the diffusion coefficient. We find…

Methodology · Statistics 2017-04-03 Nina Munkholt Jakobsen , Michael Sørensen

In this article, we construct semiparametrically efficient estimators of linear functionals of a probability measure in the presence of side information using an easy empirical likelihood approach. We use estimated constraint functions and…

Methodology · Statistics 2023-03-01 Shan Wang , Hanxiang Peng

Most signal processing and statistical applications heavily rely on specific data distribution models. The Gaussian distributions, although being the most common choice, are inadequate in most real world scenarios as they fail to account…

Statistics Theory · Mathematics 2023-04-17 Ilya Soloveychik

It is proved that the information divergence statistic is infinitely more Bahadur efficient than the power divergence statistics of the orders $\alpha >1$ as long as the sequence of alternatives is contiguous with respect to the sequence of…

Statistics Theory · Mathematics 2010-02-09 Peter Harremoës , Igor Vajda

Studying potential BSM effects at the precision frontier requires accurate transfer of information from low-energy measurements to high-energy BSM models. We propose to use normalising flows to construct likelihood functions that achieve…

High Energy Physics - Phenomenology · Physics 2023-09-20 Anja Beck , Méril Reboud , Danny van Dyk

This paper investigates the nonparametric estimation of the functional coefficients of the FBSDEs with random terminal time, including the local constant and local linear estimators. We provide complete two-dimensional asymptotics in both…

Statistics Theory · Mathematics 2024-05-24 Shaolin Ji , Chenyao Yu , Linlin Zhu

We consider the question of learning the natural parameters of a $k$ parameter minimal exponential family from i.i.d. samples in a computationally and statistically efficient manner. We focus on the setting where the support as well as the…

Machine Learning · Computer Science 2021-11-01 Abhin Shah , Devavrat Shah , Gregory W. Wornell

Motivated by applications to goodness of fit testing, the empirical likelihood approach is generalized to allow for the number of constraints to grow with the sample size and for the constraints to use estimated criteria functions. The…

Statistics Theory · Mathematics 2013-07-24 Hanxiang Peng , Anton Schick

We derive an extended empirical likelihood for parameters defined by estimating equations which generalizes the original empirical likelihood for such parameters to the full parameter space. Under mild conditions, the extended empirical…

Statistics Theory · Mathematics 2013-06-07 Min Tsao , Fan Wu

In this paper, we introduce a flexible and widely applicable nonparametric entropy-based testing procedure that can be used to assess the validity of simple hypotheses about a specific parametric population distribution. The testing…

Econometrics · Economics 2022-01-19 Ron Mittelhammer , George Judge , Miguel Henry

Often it is not easy to choose between estimators, based on the estimated MSE and bias using simulation studies. Normality in small samples and a variance of the estimator, which is correct and easy to calculate using a single sample, give…

Applications · Statistics 2018-11-06 J. Martin van Zyl

We investigate asymptotic properties of least-absolute-deviation or median quantile estimates of the location and scale functions in nonparametric regression models with dependent data from multiple subjects. Under a general dependence…

Statistics Theory · Mathematics 2014-07-07 Zhibiao Zhao , Ying Wei , Dennis K. J. Lin

In experiments to estimate parameters of a parametric model, Bayesian experiment design allows measurement settings to be chosen based on utility, which is the predicted improvement of parameter distributions due to modeled measurement…

Methodology · Statistics 2023-01-26 Robert D. McMichael , Sean M. Blakley

Density Ratio Estimation has attracted attention from the machine learning community due to its ability to compare the underlying distributions of two datasets. However, in some applications, we want to compare distributions of random…

Machine Learning · Statistics 2020-06-26 Song Liu , Yulong Zhang , Mingxuan Yi , Mladen Kolar

There exist some testing procedures based on the maximum mean discrepancy (MMD) to address the challenge of model specification. However, they ignore the presence of estimated parameters in the case of composite null hypotheses. In this…

Methodology · Statistics 2024-12-10 Florian Brück , Jean-David Fermanian , Aleksey Min

This paper is concerned with a robust estimator of the intensity of a stationary spatial point process. The estimator corresponds to the median of a jittered sample of the number of points, computed from a tessellation of the observation…

Statistics Theory · Mathematics 2015-05-28 Jean-François Coeurjolly

In this paper, the Bahadur representation of sample quantiles based on associated sequences is established under polynomially decaying of covariances. The rate of approximation depends on the covariances decay degree and becomes close to…

Statistics Theory · Mathematics 2022-06-14 Lahcen Douge

Consider a quite arbitrary (semi)parametric model with a Euclidean parameter of interest and assume that an asymptotically (semi)parametrically efficient estimator of it is given. If the parameter of interest is known to lie on a general…

Statistics Theory · Mathematics 2015-08-17 Chris A. J. Klaassen , Nanang Susyanto