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Markov chains are fundamental models for stochastic dynamics, with applications in a wide range of areas such as population dynamics, queueing systems, reinforcement learning, and Monte Carlo methods. Estimating the transition matrix and…

Statistics Theory · Mathematics 2026-01-26 Lasse Leskelä , Maximilien Dreveton

We explicitly quantify the empirically observed phenomenon that estimation under a stochastic block model (SBM) is hard if the model contains classes that are similar. More precisely, we consider estimation of certain functionals of random…

Statistics Theory · Mathematics 2022-04-27 Ismaël Castillo , Peter Orbanz

We study the strong consistency and asymptotic normality of a least squares estimator of the drift coefficient in complex-valued Ornstein-Uhlenbeck processes driven by fractional Brownian motion, extending the results of Chen, Hu, Wang…

Probability · Mathematics 2024-06-27 Fares Alazemi , Abdulaziz Alsenafi , Yong Chen , Hongjuan Zhou

We consider the problem of estimating the roughness of the volatility process in a stochastic volatility model that arises as a nonlinear function of fractional Brownian motion with drift. To this end, we introduce a new estimator that…

Statistical Finance · Quantitative Finance 2026-04-17 Xiyue Han , Alexander Schied

This paper investigates the continuous-time limit of score-driven models with long memory. By extending score-driven models to incorporate infinite-lag structures with coefficients exhibiting heavy-tailed decay, we establish their weak…

Probability · Mathematics 2025-12-09 Yinhao Wu , Ping He

This paper presents a unified exposition of rough path methods applied to optimal control, robust filtering, and optimal stopping, addressing a notable gap in the existing literature where no single treatment covers all three areas. By…

Mathematical Finance · Quantitative Finance 2025-09-04 Jonathan A. Mavroforas , Anthony H. Dooley

We consider the Graph Ornstein-Uhlenbeck (GrOU) process observed on a non-uniform discrete time grid and introduce discretised maximum likelihood estimators with parameters specific to the whole graph or specific to each component, or node.…

Methodology · Statistics 2022-07-12 Valentin Courgeau , Almut E. D. Veraart

The sequence of moments of a vector-valued random variable can characterize its law. We study the analogous problem for path-valued random variables, that is stochastic processes, by using so-called robust signature moments. This allows us…

Statistics Theory · Mathematics 2022-09-16 Ilya Chevyrev , Harald Oberhauser

One problem of wide interest involves estimating expected crossing-times. Several tools have been developed to solve this problem beginning with the works of Wald and the theory of sequential analysis. An extension of his approach is…

Methodology · Statistics 2015-06-17 Mark Brown , Victor de la Pena , Tony Sit

Mean-field theory is an approximation replacing an extended system by a few variables. For depinning of elastic manifolds, these are the position of its center of mass $u$, and the statistics of the forces $F(u)$. There are two proposals to…

Statistical Mechanics · Physics 2022-01-19 Cathelijne ter Burg , Kay Joerg Wiese

We bring the theory of rough paths to the study of non-parametric statistics on streamed data. We discuss the problem of regression where the input variable is a stream of information, and the dependent response is also (potentially) a…

Statistical Finance · Quantitative Finance 2016-03-23 Daniel Levin , Terry Lyons , Hao Ni

This paper concerns rollout and certainty-equivalent rollout policies for stochastic shortest path problems with absorbing terminal states. The main result provides a direct non-asymptotic performance certificate for a fixed rollout policy:…

Optimization and Control · Mathematics 2026-05-25 Anders Hansson , Bo Wahlberg

Proper econometric analysis should be informed by data structure. Many forms of financial data are recorded in discrete-time and relate to products of a finite term. If the data comes from a financial trust, it will often be further subject…

Statistics Theory · Mathematics 2024-12-24 Jackson P. Lautier , Vladimir Pozdnyakov , Jun Yan

We study the estimation of the invariant density of additive fractional stochastic differential equations with Hurst parameter $H \in (0,1)$. We first focus on continuous observations and develop a kernel-based estimator achieving faster…

Statistics Theory · Mathematics 2025-12-23 Chiara Amorino , Eulalia Nualart , Fabien Panloup , Julian Sieber

We observe a length-$n$ sample generated by an unknown,stationary ergodic Markov process (\emph{model}) over a finite alphabet $\mathcal{A}$. Given any string $\bf{w}$ of symbols from $\mathcal{A}$ we want estimates of the conditional…

Information Theory · Computer Science 2014-06-11 Meysam Asadi , Ramezan Paravi Torghabeh , Narayana P. Santhanam

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 refer by threshold Ornstein-Uhlenbeck to a continuous-time threshold autoregressive process. It follows the Ornstein-Uhlenbeck dynamics when above or below a fixed level, yet at this level (threshold) its coefficients can be…

Probability · Mathematics 2022-06-07 Sara Mazzonetto , Paolo Pigato

We consider a stochastic differential equation involving standard and fractional Brownian motion with unknown drift parameter to be estimated. We investigate the standard maximum likelihood estimate of the drift parameter, two non-standard…

Probability · Mathematics 2011-12-13 Yuriy Kozachenko , Alexander Melnikov , Yuliya Mishura

We study problem-dependent rates, i.e., generalization errors that scale near-optimally with the variance, the effective loss, or the gradient norms evaluated at the "best hypothesis." We introduce a principled framework dubbed "uniform…

Machine Learning · Statistics 2020-12-25 Yunbei Xu , Assaf Zeevi

We study the convergence rate of randomly truncated stochastic algorithms, which consist in the truncation of the standard Robbins-Monro procedure on an increasing sequence of compact sets. Such a truncation is often required in practice to…

Probability · Mathematics 2010-04-08 Jérôme Lelong