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Ornstein-Uhlenbeck processes driven by general L\'{e}vy process are considered in this paper. We derive strongly consistent estimators for the moments of the underlying L\'{e}vy process and for the mean reverting parameter of the…

Probability · Mathematics 2010-11-30 Konstantinos Spiliopoulos

Stationary processes have been extensively studied in the literature. Their applications include modeling and forecasting numerous real life phenomena such as natural disasters, sales and market movements. When stationary processes are…

Statistics Theory · Mathematics 2018-01-10 Marko Voutilainen , Lauri Viitasaari , Pauliina Ilmonen

We derive an explicit representation for the transition law of a $p$-tempered $\alpha$-stable process of Ornstein-Uhlenbeck-type and use it to develop a methodology for simulation. Our results apply in both the univariate and multivariate…

Probability · Mathematics 2020-05-20 Michael Grabchak

In this paper we present a parametric estimation method for certain multi-parameter heavy-tailed L\'evy-driven moving averages. The theory relies on recent multivariate central limit theorems obtained in [3] via Malliavin calculus on…

Statistics Theory · Mathematics 2021-04-20 Mathias Mørck Ljungdahl , Mark Podolskij

Threshold autoregressive moving-average (TARMA) models are popular in time series analysis due to their ability to parsimoniously describe several complex dynamical features. However, neither theory nor estimation methods are currently…

Methodology · Statistics 2022-11-16 Greta Goracci , Davide Ferrari , Simone Giannerini , Francesco ravazzolo

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

A novel first-order moving-average model for analyzing time series observed at irregularly spaced intervals is introduced. Two definitions are presented, which are equivalent under Gaussianity. The first one relies on normally distributed…

Statistics Theory · Mathematics 2021-05-14 Cesar Ojeda , Wilfredo Palma , Susana Eyheramendy , Felipe Elorrieta

We consider a new method of the semiparametric statistical estimation for the continuous-time moving average L\'evy processes. We derive the convergence rates of the proposed estimators, and show that these rates are optimal in the minimax…

Methodology · Statistics 2017-02-10 Denis Belomestny , Tatiana Orlova , Vladimir Panov

This work presents a Bayesian approach for the estimation of Beta Autoregressive Moving Average ($\beta$ARMA) models. We discuss standard choice for the prior distributions and employ a Hamiltonian Monte Carlo algorithm to sample from the…

Methodology · Statistics 2023-07-17 Aline Foerster Grande , Guilherme Pumi , Gabriela Bettella Cybis

The question of existence and properties of stationary solutions to Langevin equations driven by noise processes with stationary increments is discussed, with particular focus on noise processes of pseudo-moving-average type. On account of…

Probability · Mathematics 2011-07-15 Ole E. Barndorff-Nielsen , Andreas Basse-O'Connor

Subspace methods like canonical variate analysis (CVA) are regression based methods for the estimation of linear dynamic state space models. They have been shown to deliver accurate (consistent and asymptotically equivalent to quasi maximum…

Methodology · Statistics 2025-02-17 Dietmar Bauer

We give an explicit representation for the transition law of a tempered stable Ornstein-Uhlenbeck process and use it to develop a rejection sampling algorithm for exact simulation of increments from this process. Our results apply to…

Probability · Mathematics 2020-05-19 Michael Grabchak

We propose a parsimonious stochastic model for characterising the distributional and temporal properties of rainfall. The model is based on an integrated Ornstein-Uhlenbeck process driven by the Hougaard L\'evy process. We derive properties…

Methodology · Statistics 2015-01-27 Ragnhild C. Noven , Almut E. D. Veraart , Axel Gandy

Consider a multivariate L\'evy-driven Ornstein-Uhlenbeck process where the stationary distribution or background driving L\'evy process is from a parametric family. We derive the likelihood function assuming that the innovation term is…

Statistics Theory · Mathematics 2021-09-01 Kevin W. Lu

In practice, several time series exhibit long-range dependence or persistence in their observations, leading to the development of a number of estimation and prediction methodologies to account for the slowly decaying autocorrelations. The…

Computation · Statistics 2016-09-09 Javier E. Contreras-Reyes , Wilfredo Palma

In this paper we introduce a new model named CARMA(p,q)-Hawkes process as the Hawkes model with exponential kernel implies a strictly decreasing behaviour of the autocorrelation function and empirically evidences reject the monotonicity…

Statistical Finance · Quantitative Finance 2022-08-23 Lorenzo Mercuri , Andrea Perchiazzo , Edit Rroji

Autoregressive models are typically applied to sequences of discrete tokens, but recent research indicates that generating sequences of continuous embeddings in an autoregressive manner is also feasible. However, such Continuous…

Machine Learning · Computer Science 2024-11-28 Marco Pasini , Javier Nistal , Stefan Lattner , George Fazekas

In this article we consider L\'evy driven continuous time moving average processes observed on a lattice, which are stationary time series. We show asymptotic normality of the sample mean, the sample autocovariances and the sample…

Probability · Mathematics 2012-06-15 Serge Cohen , Alexander Lindner

In this paper, we consider the Whittle estimator for the parameters of a stationary solution of a continuous-time linear state space model sampled at low frequencies. In our context the driving process is a L\'evy process which allows…

Statistics Theory · Mathematics 2020-02-24 Vicky Fasen-Hartmann , Celeste Mayer

Generalized autoregressive moving average (GARMA) models are a class of models that was developed for extending the univariate Gaussian ARMA time series model to a flexible observation-driven model for non-Gaussian time series data. This…

Applications · Statistics 2017-02-07 Marinho G. Andrade , Ricardo S. Ehlers , Breno S. Andrade