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Record W3048109472

On almost sure limit theorems for detecting long-range dependent, heavy-tailed processes

2020· preprint· en· W3048109472 on OpenAlexaff
Michael A. Kouritzin, Sounak Paul

Bibliographic record

VenuearXiv (Cornell University) · 2020
Typepreprint
Languageen
FieldEconomics, Econometrics and Finance
TopicFinancial Risk and Volatility Modeling
Canadian institutionsUniversity of Alberta
Fundersnot available
KeywordsLaw of large numbersDecoupling (probability)Range (aeronautics)CombinatoricsLimit (mathematics)MathematicsZero (linguistics)PhysicsLong memoryMathematical analysisStatisticsRandom variableEconometricsMaterials science
DOInot available

Abstract

fetched live from OpenAlex

Marcinkiewicz strong law of large numbers, ${n^{-\frac1p}}\sum_{k=1}^{n} (d_{k}- d)\rightarrow 0 $ almost surely with $p\in(1,2)$, are developed for products $d_k=\prod_{r=1}^s x_k^{(r)}$, where the $x_k^{(r)} = \sum_{l=-\infty}^{\infty}c_{k-l}^{(r)}\xi_l^{(r)}$ are two-sided linear process with coefficients $\{c_l^{(r)}\}_{l\in \mathbb{Z}}$ and i.i.d. zero-mean innovations $\{\xi_l^{(r)}\}_{l\in \mathbb{Z}}$. The decay of the coefficients $c_l^{(r)}$ as $|l|\to\infty$, can be slow enough for $\{x_k^{(r)}\}$ to have long memory while $\{d_k\}$ can have heavy tails. The long-range dependence and heavy tails for $\{d_k\}$ are handled simultaneously and a decoupling property shows the convergence rate is dictated by the worst of long-range dependence and heavy tails, but not their combination. The results provide a means to estimate how much (if any) long-range dependence and heavy tails a sequential data set possesses, which is done for real financial data. All of the stocks we considered had some degree of heavy tails. The majority also had long-range dependence. The Marcinkiewicz strong law of large numbers is also extended to the multivariate linear process case.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.032
metaresearch head score (Gemma)0.132
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.032
Threshold uncertainty score0.169

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0320.132
Meta-epidemiology (narrow)0.0050.002
Meta-epidemiology (broad)0.0030.003
Bibliometrics0.0060.004
Science and technology studies0.0020.008
Scholarly communication0.0050.010
Open science0.0070.007
Research integrity0.0040.008
Insufficient payload (model declined to judge)0.0050.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.144
GPT teacher head0.199
Teacher spread0.055 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2020
Admission routes1
Has abstractyes

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