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Accurate time-series forecasting is vital for numerous areas of application such as transportation, energy, finance, economics, etc. However, while modern techniques are able to explore large sets of temporal data to build forecasting…

Machine Learning · Statistics 2018-08-17 Filipe Rodrigues , Ioulia Markou , Francisco Pereira

Financial scenario simulation is essential for risk management and portfolio optimization, yet it remains challenging especially in high-dimensional and small data settings common in finance. We propose a diffusion factor model that…

Statistical Finance · Quantitative Finance 2026-01-13 Minshuo Chen , Renyuan Xu , Yumin Xu , Ruixun Zhang

We consider statistical inference in factor analysis for ergodic and non-ergodic diffusion processes from discrete observations. Factor model based on high frequency time series data has been mainly discussed in the field of high…

Statistics Theory · Mathematics 2022-02-04 Shogo Kusano , Masayuki Uchida

In this paper the problem of forecasting high dimensional time series is considered. Such time series can be modeled as matrices where each column denotes a measurement. In addition, when missing values are present, low rank matrix…

Machine Learning · Computer Science 2017-12-27 San Gultekin , John Paisley

We propose a dynamic factor model (DFM) where the latent factors are linked to observed variables with unknown and potentially nonlinear functions. The key novelty and source of flexibility of our approach is a nonparametric observation…

Econometrics · Economics 2025-09-08 Tony Chernis , Niko Hauzenberger , Haroon Mumtaz , Michael Pfarrhofer

As is known, factor analysis is a popular method to reduce dimension for high-dimensional data. For matrix data, the dimension reduction can be more effectively achieved through both row and column directions. In this paper, we introduce a…

Methodology · Statistics 2019-04-17 Xialu Liu , Elynn Chen

Producing probabilistic forecasts for large collections of similar and/or dependent time series is a practically relevant and challenging task. Classical time series models fail to capture complex patterns in the data, and multivariate…

Machine Learning · Statistics 2019-05-30 Yuyang Wang , Alex Smola , Danielle C. Maddix , Jan Gasthaus , Dean Foster , Tim Januschowski

Large-scale and multidimensional spatiotemporal data sets are becoming ubiquitous in many real-world applications such as monitoring urban traffic and air quality. Making predictions on these time series has become a critical challenge due…

Machine Learning · Statistics 2021-04-21 Xinyu Chen , Lijun Sun

Matrix completion is one of the key problems in signal processing and machine learning. In recent years, deep-learning-based models have achieved state-of-the-art results in matrix completion. Nevertheless, they suffer from two drawbacks:…

Machine Learning · Computer Science 2018-12-05 Duc Minh Nguyen , Evaggelia Tsiligianni , Nikos Deligiannis

This paper develops the inferential theory for latent factor models estimated from large dimensional panel data with missing observations. We propose an easy-to-use all-purpose estimator for a latent factor model by applying principal…

Econometrics · Economics 2022-01-11 Ruoxuan Xiong , Markus Pelger

We consider forecasting a single time series when there is a large number of predictors and a possible nonlinear effect. The dimensionality was first reduced via a high-dimensional (approximate) factor model implemented by the principal…

Statistics Theory · Mathematics 2015-12-29 Jianqing Fan , Lingzhou Xue , Jiawei Yao

Tensor time series data appears naturally in a lot of fields, including finance and economics. As a major dimension reduction tool, similar to its factor model counterpart, the idiosyncratic components of a tensor time series factor model…

Methodology · Statistics 2022-08-09 Weilin Chen , Clifford Lam

We propose a dual-factor model for high-dimensional functional time series (HDFTS) that considers multiple populations. The HDFTS is first decomposed into a collection of functional time series (FTS) in a lower dimension and a group of…

Methodology · Statistics 2024-05-13 Chen Tang , Han Lin Shang , Yanrong Yang , Yang Yang

This paper proposes a novel diffusion-index model for forecasting when predictors are high-dimensional matrix-valued time series. We apply an $\alpha$-PCA method to extract low-dimensional matrix factors and build a bilinear regression…

Econometrics · Economics 2025-08-07 Zhiren Ma , Qian Zhao , Riquan Zhang , Zhaoxing Gao

Factor model is an appealing and effective analytic tool for high-dimensional time series, with a wide range of applications in economics, finance and statistics. This paper develops two criteria for the determination of the number of…

Methodology · Statistics 2022-05-09 Yuefeng Han , Rong Chen , Cun-Hui Zhang

We develop a new methodology for forecasting matrix-valued time series with historical matrix data and auxiliary vector time series data. We focus on a time series of matrices defined on a static 2-D spatial grid and an auxiliary time…

Methodology · Statistics 2025-09-25 Hu Sun , Zuofeng Shang , Yang Chen

This article proposes a new approach to modeling high-dimensional time series by treating a $p$-dimensional time series as a nonsingular linear transformation of certain common factors and idiosyncratic components. Unlike the approximate…

Methodology · Statistics 2020-12-15 Zhaoxing Gao , Ruey S. Tsay

This manuscript proposes to extend the information set of time-series regression trees with latent stationary factors extracted via state-space methods. In doing so, this approach generalises time-series regression trees on two dimensions.…

Machine Learning · Statistics 2023-06-14 Filippo Pellegrino

This paper proposes a novel methodology for the online detection of changepoints in the factor structure of large matrix time series. Our approach is based on the well-known fact that, in the presence of a changepoint, a factor model can be…

Methodology · Statistics 2021-12-28 Yong He , Xin-bing Kong , Lorenzo Trapani , Long Yu

Gradient descent for matrix factorization exhibits an implicit bias toward approximately low-rank solutions. While existing theories often assume the boundedness of iterates, empirically the bias persists even with unbounded sequences. This…

Machine Learning · Computer Science 2025-11-04 Yikun Hou , Suvrit Sra , Alp Yurtsever
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