This paper studies the least absolute deviation estimation of the high frequency financial autoregressive conditional duration (ACD) model. The asymptotic properties of the estimator are studied given mild regularit...This paper studies the least absolute deviation estimation of the high frequency financial autoregressive conditional duration (ACD) model. The asymptotic properties of the estimator are studied given mild regularity conditions. Furthermore, we develop a Wald test statistic for the linear restriction on the parameters. A simulation study is conducted for the finite sample properties of our estimator. Finally, we give an empirical study of financial duration.展开更多
With the rapid development of space science projects,large deployable mechanisms have been widely used.However,due to the effects of mechanical friction and gravitational acceleration,on-orbit mechanisms cannot be alw...With the rapid development of space science projects,large deployable mechanisms have been widely used.However,due to the effects of mechanical friction and gravitational acceleration,on-orbit mechanisms cannot be always deployed to the expected pose.For some precision optical mechanisms,even a minor deviation can result in significant error,so it needs to be measured and corrected.In this paper,the deployment process was modeled and simplified as rotation under single-rotation-axis constraint and translation under single-direction constraint.To solve the problem,a method based on cross-ratio invariability was proposed.The proposed method does not rely on camera calibration techniques,as well as artificial marking points,both of which are necessary in PnP.Instead,only three calibration images before launch and a measurement image on orbit were required.Simulations and experiments demonstrated that the proposed method is more accurate than PnP.In addition,experiments also proved that the feasibility of the proposed method under dark conditions with the aid of a light source and some reflective marking points.展开更多
In this paper, the moderate deviations for the M-estimators of regression parameter in a linear model are obtained when the errors form a strictly stationary Ф-mixing sequence. The results are applied to study many d...In this paper, the moderate deviations for the M-estimators of regression parameter in a linear model are obtained when the errors form a strictly stationary Ф-mixing sequence. The results are applied to study many different types of M-estimators such as Huber's estimator, L^P-regression estimator, least squares estimator and least absolute deviation estimator.展开更多
Rao and Zhao (1992) used random weighting method to derive the approximate distribution of the M-estimator in linear regression model.In this paper we extend the result to the censored regression model (or censored “...Rao and Zhao (1992) used random weighting method to derive the approximate distribution of the M-estimator in linear regression model.In this paper we extend the result to the censored regression model (or censored “Tobit” model).展开更多
Navigation message designing with high accuracy guarantee is the key to efficient navigation message distribution in the global navigation satellite system(GNSS). Developing high accuracy-aware navigation message de...Navigation message designing with high accuracy guarantee is the key to efficient navigation message distribution in the global navigation satellite system(GNSS). Developing high accuracy-aware navigation message designing algorithms is an important topic. This paper investigates the high-accuracy navigation message designing problem with the message structure unchanged.The contributions made in this paper include a heuristic that employs the concept of the estimated range deviation(ERD) to improve the existing well-known navigation message on L1 frequency(NAV) of global positioning system(GPS) for good accuracy service; a numerical analysis approximation method(NAAM) to evaluate the range error due to truncation(RET) of different navigation messages; and a basic positioning parameters designing algorithm in the limited space allocation. Based on the predicted ultra-rapid data from the ultra-rapid data from the international GPS service for geodynamic(IGU), ERDs are generated in real time for error correction.Simulations show that the algorithms developed in this paper are general and flexible, and thus are applicable to NAV improvement and other navigation message designs.展开更多
基金Supported by the National Natural Science Foundation of China(No.70221001,No.70331001,No.10628104)the National Basic Research Program of China(973Program)(No.2007CB814902)+4 种基金Min Chen's work was supported by a grant from the Major State Basic Research Development Program of China(973 Program)(No. 2007CB14902)the National High Technology Research and Development Program of China(863 Program)(No. 2007AA12Z04)public-spirited Program of the Ministry of Water Resources of the People's Republic of China (No.200801027)the National Natural Science Foundation of China(No.10721101)Key Laboratory of Random Complex Structures and Data Science,Academy of Mathematics&Systems Science,Chinese Academy of Sciences(No.2008DP173182)
文摘This paper studies the least absolute deviation estimation of the high frequency financial autoregressive conditional duration (ACD) model. The asymptotic properties of the estimator are studied given mild regularity conditions. Furthermore, we develop a Wald test statistic for the linear restriction on the parameters. A simulation study is conducted for the finite sample properties of our estimator. Finally, we give an empirical study of financial duration.
基金Supported in part by the National Natural Science Foundation of China(No.62271148).
文摘With the rapid development of space science projects,large deployable mechanisms have been widely used.However,due to the effects of mechanical friction and gravitational acceleration,on-orbit mechanisms cannot be always deployed to the expected pose.For some precision optical mechanisms,even a minor deviation can result in significant error,so it needs to be measured and corrected.In this paper,the deployment process was modeled and simplified as rotation under single-rotation-axis constraint and translation under single-direction constraint.To solve the problem,a method based on cross-ratio invariability was proposed.The proposed method does not rely on camera calibration techniques,as well as artificial marking points,both of which are necessary in PnP.Instead,only three calibration images before launch and a measurement image on orbit were required.Simulations and experiments demonstrated that the proposed method is more accurate than PnP.In addition,experiments also proved that the feasibility of the proposed method under dark conditions with the aid of a light source and some reflective marking points.
基金Supported by National Natural Science Foundation of China (Grant Nos. 10871153 and 10971047)
文摘In this paper, the moderate deviations for the M-estimators of regression parameter in a linear model are obtained when the errors form a strictly stationary Ф-mixing sequence. The results are applied to study many different types of M-estimators such as Huber's estimator, L^P-regression estimator, least squares estimator and least absolute deviation estimator.
基金This research is partially supported by National Natural Science Foundation of China(Grant No. 10171094) Ph. D. Program Foundation of the Ministry of Education of China Special Foundations of the Chinese Academy of Sciences and USTC.
文摘Rao and Zhao (1992) used random weighting method to derive the approximate distribution of the M-estimator in linear regression model.In this paper we extend the result to the censored regression model (or censored “Tobit” model).
基金supported by the National Basic Research Program of China(No.2010CB731805)
文摘Navigation message designing with high accuracy guarantee is the key to efficient navigation message distribution in the global navigation satellite system(GNSS). Developing high accuracy-aware navigation message designing algorithms is an important topic. This paper investigates the high-accuracy navigation message designing problem with the message structure unchanged.The contributions made in this paper include a heuristic that employs the concept of the estimated range deviation(ERD) to improve the existing well-known navigation message on L1 frequency(NAV) of global positioning system(GPS) for good accuracy service; a numerical analysis approximation method(NAAM) to evaluate the range error due to truncation(RET) of different navigation messages; and a basic positioning parameters designing algorithm in the limited space allocation. Based on the predicted ultra-rapid data from the ultra-rapid data from the international GPS service for geodynamic(IGU), ERDs are generated in real time for error correction.Simulations show that the algorithms developed in this paper are general and flexible, and thus are applicable to NAV improvement and other navigation message designs.