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This paper proposes an enhanced approach to modeling and forecasting volatility using high frequency data. Using a forecasting model based on Realized GARCH with multiple time-frequency decomposed realized volatility measures, we study the…

Statistical Finance · Quantitative Finance 2015-02-04 Jozef Barunik , Tomas Krehlik , Lukas Vacha

We introduce a novel Bayesian method that can detect multiple structural breaks in the mean and variance of a length $T$ time-series. Our method quantifies uncertainty by returning $\alpha$-level credible sets around the estimated locations…

Methodology · Statistics 2025-07-14 Davis Berlind , Lorenzo Cappello , Oscar Hernan Madrid Padilla

This paper studies the unsupervised change point detection problem in time series of networks using the Separable Temporal Exponential-family Random Graph Model (STERGM). Inherently, dynamic network patterns are complex due to dyadic and…

Methodology · Statistics 2025-09-01 Yik Lun Kei , Hangjian Li , Yanzhen Chen , Oscar Hernan Madrid Padilla

We consider the online monitoring of multivariate streaming data for changes that are characterized by an unknown subspace structure manifested in the covariance matrix. In particular, we consider the covariance structure changes from an…

Statistics Theory · Mathematics 2021-04-12 Liyan Xie , Yao Xie , George V. Moustakides

We consider a nonparametric heteroscedastic time series regression model and suggest testing procedures to detect changes in the conditional variance function. The tests are based on a sequential marked empirical process and thus combine…

Statistics Theory · Mathematics 2019-06-10 Maria Mohr , Natalie Neumeyer

We develop a procedure for forecasting the volatility of a time series immediately following a news shock. Adapting the similarity-based framework of Lin and Eck (2020), we exploit series that have experienced similar shocks. We aggregate…

Methodology · Statistics 2024-08-08 David P. Lundquist , Daniel J. Eck

This paper introduces an extension of the Markov switching GARCH model where the volatility in each state is a convex combination of two different GARCH components with time varying weights. This model has the dynamic behavior to capture…

Methodology · Statistics 2014-02-20 N. Alemohammad , S. Rezakhah , S. H. Alizadeh

We introduce a new Levy fluctuation theoretic method to analyze the cumulative sum (CUSUM) procedure in sequential change-point detection. When observations are phase-type distributed and the post-change distribution is given by exponential…

Methodology · Statistics 2022-09-07 Jevgenijs Ivanovs , Kazutoshi Yamazaki

This paper discusses change detection in SAR time-series. Firstly, several statistical properties of the coefficient of variation highlight its pertinence for change detection. Then several criteria are proposed. The coefficient of…

Data Analysis, Statistics and Probability · Physics 2020-05-19 Elise Colin Koeniguer , Jean-Marie Nicolas

We present a new CUSUM procedure for sequentially detecting change-point in the self and mutual exciting processes, a.k.a. Hawkes networks using discrete events data. Hawkes networks have become a popular model for statistics and machine…

Machine Learning · Statistics 2022-03-08 Haoyun Wang , Liyan Xie , Yao Xie , Alex Cuozzo , Simon Mak

We propose a new approach to volatility modeling by combining deep learning (LSTM) and realized volatility measures. This LSTM-enhanced realized GARCH framework incorporates and distills modeling advances from financial econometrics, high…

Econometrics · Economics 2023-10-18 Chen Liu , Chao Wang , Minh-Ngoc Tran , Robert Kohn

In this paper, we present a change point detection method for detecting change points in multivariate nonstationary wind speed time series. The change point method identifies changes in the covariance structure and decomposes the…

Methodology · Statistics 2021-05-25 Sakitha Ariyarathne , Harsha Gangammanavar , Raanju R. Sundararajan

We introduce a framework for online changepoint detection and simultaneous model learning which is applicable to highly parametrized models, such as deep neural networks. It is based on detecting changepoints across time by sequentially…

Machine Learning · Computer Science 2020-10-08 Michalis K. Titsias , Jakub Sygnowski , Yutian Chen

The aim of sequential change-point detection is to issue an alarm when it is thought that certain probabilistic properties of the monitored observations have changed. This work is concerned with nonparametric, closed-end testing procedures…

Methodology · Statistics 2020-10-27 Ivan Kojadinovic , Ghislain Verdier

Change point detection in covariance structures is a fundamental and crucial problem for sequential data. Under the high-dimensional setting, most of the existing research has focused on identifying change points in historical data.…

Statistics Theory · Mathematics 2026-02-02 Zhigang Bao , Kha Man Cheong , Yuji Li , Jiaxin Qiu

The problem of detection and possible estimation of a signal generated by a dynamic system when a variable number of noisy measurements can be taken is here considered. Assuming a Markov evolution of the system (in particular, the pair…

Information Theory · Computer Science 2022-05-12 Emanuele Grossi , Marco Lops

In this study, we develop a unified volatility modeling framework that embeds GARCH dynamics directly within recurrent neural networks. We propose two interpretable hybrid architectures, GARCH-GRU and GARCH-LSTM, that integrate the…

Statistical Finance · Quantitative Finance 2025-11-25 Jingyi Wei , Steve Yang , Zhenyu Cui

Volatilities, in high-dimensional panels of economic time series with a dynamic factor structure on the levels or returns, typically also admit a dynamic factor decomposition. We consider a two-stage dynamic factor model method recovering…

Econometrics · Economics 2022-02-03 Matteo Barigozzi , Marc Hallin

Changepoint detection identifies times when the generative process of a time series changes, with applications in healthcare, cybersecurity, and finance. In multivariate settings, changes in cross-variable and temporal dependence are…

Methodology · Statistics 2026-05-11 Victor K. Khamesi , Edward A. K. Cohen , Niall M. Adams , Dean A. Bodenham

We propose a computationally and statistically efficient procedure for segmenting univariate data under piecewise linearity. The proposed moving sum (MOSUM) methodology detects multiple change points where the underlying signal undergoes…

Methodology · Statistics 2023-08-25 Joonpyo Kim , Hee-Seok Oh , Haeran Cho
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