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We consider a process $X^\ve$ that solves a stochastic Volterra equation with an unknown parameter $\theta^\star$ in the drift function. The Volterra kernel is singular, and includes as an example, $K\_0(u)=c u^{\alpha-1/2} \id{u>0}$ with…

Statistics Theory · Mathematics 2026-05-21 Arnaud Gloter , Nakahiro Yoshida

This work is devoted to studying asymptotic behaviors for Volterra type McKean-Vlasov stochastic differential equations with small noise. By applying the weak convergence approach, we establish the large and moderate deviation principles.…

Probability · Mathematics 2024-10-11 Shanqi Liu , Yaozhong Hu , Hongjun Gao

Volterra processes appear in several applications ranging from turbulence to energy finance where they are used in the modelling of e.g. temperatures and wind and the related financial derivatives. Volterra processes are in general…

Optimization and Control · Mathematics 2018-12-24 Giulia di Nunno , Andrea Fiacco , Erik Hove Karlsen

Consider a process satisfying a stochastic differential equation with unknown drift parameter, and suppose that discrete observations are given. It is known that a simple least squares estimator (LSE) can be consistent, but numerically…

Statistics Theory · Mathematics 2017-03-17 Yasutaka Shimizu

We construct the maximum likelihood estimator (MLE) of the unknown drift parameter $\theta\in \mathbb{R}$ in the linear model $X_t=\theta t+\sigma B^{H_1}(t)+B^{H_2}(t),\;t\in[0,T],$ where $B^{H_1}$ and $B^{H_2}$ are two independent…

Probability · Mathematics 2015-06-16 Yuliya Mishura

We consider estimation of the drift parameter $\vartheta>0$ in a \emph{partially observed} Ornstein--Uhlenbeck type model driven by a mixed fractional Brownian noise. Our framework extends the partially observed model of…

Statistics Theory · Mathematics 2026-01-12 Chunhao Cai

We propose a new theoretical framework that exploits convolution kernels to transform a Volterra-type path-dependent (non-Markovian) stochastic process into a standard (Markovian) diffusion process. Remarkably, it is also possible to go…

Mathematical Finance · Quantitative Finance 2025-10-10 Ofelia Bonesini , Giorgia Callegaro , Martino Grasselli , Gilles Pagès

The partially observed linear Gaussian system of stochastic differential equations with low noise in observations is considered. A kernel-type estimators are used for estimation of the quadratic variation of the derivative of the limit of…

Statistics Theory · Mathematics 2022-11-23 Yury A. Kutoyants

This paper shows how to carry out efficient asymptotic variance reduction when estimating volatility in the presence of stochastic volatility and microstructure noise with the realized kernels (RK) from [Barndorff-Nielsen et al., 2008] and…

Statistical Finance · Quantitative Finance 2018-06-28 Simon Clinet , Yoann Potiron

The aim of this paper is to study the asymptotic properties of the maximum likelihood estimator (MLE) of the drift coefficient for fractional stochastic heat equation driven by an additive space-time noise. We consider the traditional for…

Probability · Mathematics 2019-04-25 Igor Cialenco , Francisco Delgado-Vences , Hyun-Jung Kim

We consider rough stochastic volatility models where the variance process satisfies a stochastic Volterra equation with the fractional kernel, as in the rough Bergomi and the rough Heston model. In particular, the variance process is…

Computational Finance · Quantitative Finance 2022-07-19 Christian Bayer , Simon Breneis

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

Motivated by applications in physics (e.g., turbulence intermittency) and financial mathematics (e.g., rough volatility), this paper examines a family of integrated stochastic Volterra processes characterized by a small Hurst parameter…

Probability · Mathematics 2025-01-28 Mireille Bossy , Kerlyns Martinez , Paul Maurer

We study the problem of parameter estimation for discretely observed stochastic processes driven by additive small L\'{e}vy noises. We do not impose any moment condition on the driving L\'{e}vy process. Under certain regularity conditions…

Statistics Theory · Mathematics 2012-05-23 Hongwei Long , Yasutaka Shimizu , Wei Sun

We derive consistency and asymptotic normality results for quasi-maximum likelihood methods for drift parameters of ergodic stochastic processes observed in discrete time in an underlying continuous-time setting. The special feature of our…

Statistics Theory · Mathematics 2021-09-20 Teppei Ogihara , Mitja Stadje

In this paper we consider an ergodic diffusion process with jumps whose drift coefficient depends on $\mu$ and volatility coefficient depends on $\sigma$, two unknown parameters. We suppose that the process is discretely observed at the…

Statistics Theory · Mathematics 2020-11-30 Chiara Amorino , Arnaud Gloter

We consider the classical estimation problem of an unknown drift parameter within classes of nondegenerate diffusion processes. Using rough path theory (in the sense of T. Lyons), we analyze the Maximum Likelihood Estimator (MLE) with…

Probability · Mathematics 2016-09-29 Joscha Diehl , Peter Friz , Hilmar Mai

In this paper we are interested in the numerical approximation of the marginal distributions of the Hilbert space valued solution of a stochastic Volterra equation driven by an additive Gaussian noise. This equation can be written in the…

Probability · Mathematics 2014-11-07 Mihály Kovács , Jacques Printems

We introduce a pathwise integration for Volterra processes driven by L\'evy noise or martingale noise. These processes are widely used in applications to turbulence, signal processes, biology, and in environmental finance. Indeed they…

Probability · Mathematics 2016-08-31 Giulia Di Nunno , Yuliya Mishura , Konstiantyn Ralchenko

We propose an update estimation method for a diffusion parameter from high-frequency dependent data under a nuisance drift element. We ensure the asymptotic equivalence of the estimator to the corresponding quasi-MLE, which has the…

Statistics Theory · Mathematics 2015-06-30 Yusuke Shimizu
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