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We prove an enhanced limit theorem for additive functionals of a multi-dimensional Volterra process $(y_t)_{t\geq 0}$ in the rough path topology. As an application, we establish weak convergence as $\varepsilon\to 0$ of the solution of the…

Probability · Mathematics 2022-06-22 Johann Gehringer , Xue-Mei Li , Julian Sieber

In this paper, we develop a quadrature framework for large-scale kernel machines via a numerical integration representation. Considering that the integration domain and measure of typical kernels, e.g., Gaussian kernels, arc-cosine kernels,…

Machine Learning · Computer Science 2021-06-14 Fanghui Liu , Xiaolin Huang , Yudong Chen , Johan A. K. Suykens

This paper introduces a method for the nonparametric Bayesian learning of nonlinear operators, through the use of the Volterra series with kernels represented using Gaussian processes (GPs), which we term the nonparametric Volterra kernels…

Machine Learning · Statistics 2021-06-11 Magnus Ross , Michael T. Smith , Mauricio A. Álvarez

In this paper, we analyze the robustness and sensitivity of various continuous-time rough Volterra stochastic volatility models in relation to the process of market calibration. Model robustness is examined from two perspectives: the…

Pricing of Securities · Quantitative Finance 2023-06-05 Jan Matas , Jan Pospíšil

We present a stochastic variance-reduced heavy ball power iteration algorithm for solving PCA and provide a convergence analysis for it. The algorithm is an extension of heavy ball power iteration, incorporating a step size so that progress…

Optimization and Control · Mathematics 2019-01-25 Cheolmin Kim , Diego Klabjan

In this paper, we are concerned with stochastic Volterra equations with singular kernels and H\"older continuous coefficients. We first establish the well-posedness of these equations by utilising the Yamada-Watanabe approach. Then, we aim…

Probability · Mathematics 2024-07-03 Huijie Qiao , Jiang-Lun Wu

We investigate integration by parts (IBP) formulae for stochastic Volterra equations and we establish the smoothing effect of the expectation. Due to the inherent path-dependent dynamics of this class of processes, standard…

Probability · Mathematics 2026-05-29 Alexandre Pannier

The purpose of this paper is to establish the convergence in distribution of the normalized error in the Euler approximation scheme for stochastic Volterra equations driven by a standard Brownian motion, with a kernel of the form…

Probability · Mathematics 2022-04-18 David Nualart , Bhargobjyoti Saikia

In this paper we show that Hilbert space-valued stochastic models are robust with respect to perturbation, due to measurement or approximation errors, in the underlying volatility process. Within the class of stochastic volatility modulated…

Probability · Mathematics 2022-11-30 Fred Espen Benth , Heidar Eyjolfsson

The foundations of weak turbulence theory is explored through its application to the (alpha) Fermi-Pasta-Ulam (FPU) model, a simple weakly nonlinear dispersive system. A direct application of the standard kinetic equations would miss…

Chaotic Dynamics · Physics 2007-05-23 Peter R. Kramer , Joseph A. BIello , Yury Lvov

In this paper, our work is devoted to studying Volterra type McKean-Vlasov stochastic differential equations with singular kernels. Firstly, the well-posedness of Volterra type McKean-Vlasov stochastic differential equations are…

Probability · Mathematics 2023-11-14 Shanqi Liu , Hongjun Gao

The research presented in this article provides an alternative option pricing approach for a class of rough fractional stochastic volatility models. These models are increasingly popular between academics and practitioners due to their…

Pricing of Securities · Quantitative Finance 2019-08-02 Raul Merino , Jan Pospíšil , Tomáš Sobotka , Tommi Sottinen , Josep Vives

Volterra series are especially useful for nonlinear system identification, also thanks to their capability to approximate a broad range of input-output maps. However, their identification from a finite set of data is hard, due to the curse…

Machine Learning · Computer Science 2019-11-13 Alberto Dalla Libera , Ruggero Carli , Gianluigi Pillonetto

We investigate the statistical evidence for the use of `rough' fractional processes with Hurst exponent $H< 0.5$ for the modeling of volatility of financial assets, using a model-free approach. We introduce a non-parametric method for…

Statistical Finance · Quantitative Finance 2023-07-11 Rama Cont , Purba Das

We study the strong approximation of a rough volatility model, in which the log-volatility is given by a fractional Ornstein-Uhlenbeck process with Hurst parameter $H<1/2$. Our methods are based on an equidistant discretization of the…

Probability · Mathematics 2016-06-14 Andreas Neuenkirch , Taras Shalaiko

We introduce a new class of fractional backward orthogonal functions designed for the spectral approximation of weakly singular adjoint Volterra integral equations. These basis functions generate an approximation space that naturally…

Numerical Analysis · Mathematics 2026-05-29 Mahmoud A. Zaky

We consider a fractional order viscoelasticity problem modelled by a power-law type stress relaxation function. This viscoelastic problem is a Volterra integral equation of the second kind with a weakly singular kernel where the convolution…

Numerical Analysis · Mathematics 2021-05-31 Yongseok Jang , Simon Shaw

We define and solve Volterra equations driven by an irregular signal, by means of a variant of the rough path theory allowing to handle generalized integrals weighted by an exponential coefficient. The results are applied to the fractional…

Probability · Mathematics 2008-10-13 Samy Tindel , Aurélien Deya

We study small-time central limit theorems for stochastic Volterra integral equations with H\"older continuous coefficients and general locally square integrable Volterra kernels. We prove the convergence of the finite-dimensional…

Probability · Mathematics 2026-02-27 Martin Friesen , Stefan Gerhold , Kristof Wiedermann

We propose the numerical methods for solution of the weakly regular linear and nonlinear evolutionary (Volterra) integral equation of the first kind. The kernels of such equations have jump discontinuities along the continuous curves…

Numerical Analysis · Mathematics 2015-07-24 Ildar Muftahov , Aleksandr Tynda , Denis Sidorov