Adaptive and Optimal Point-Wise Estimations for Densities in GARCH-Type Model by Wavelets

Adaptive and Optimal Point-Wise Estimations for Densities in GARCH-Type Model by Wavelets

Year:    2022

Author:    Cong Wu, Jinru Wang, Xiaochen Zeng

Journal of Computational Mathematics, Vol. 40 (2022), Iss. 1 : pp. 108–126

Abstract

This paper considers adaptive point-wise estimations of density functions in GARCH-type model under the local Hölder condition by wavelet methods. A point-wise lower bound estimation of that model is first investigated; then we provide a linear wavelet estimate to obtain the optimal convergence rate, which means that the convergence rate coincides with the lower bound. The non-linear wavelet estimator is introduced for adaptivity, although it is nearly-optimal. However, the non-linear wavelet one depends on an upper bound of the smoothness index of unknown functions, we finally discuss a data driven version without any assumptions on the estimated functions.

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Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.4208/jcm.2007-m2020-0109

Journal of Computational Mathematics, Vol. 40 (2022), Iss. 1 : pp. 108–126

Published online:    2022-01

AMS Subject Headings:   

Copyright:    COPYRIGHT: © Global Science Press

Pages:    19

Keywords:    Wavelets Point-wise risk Thresholding Data-driven GARCH-type model.

Author Details

Cong Wu

Jinru Wang

Xiaochen Zeng