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On conditional least squares estimation for affine diffusions based on continuous time observations

7 March 2017
Beáta Bolyog
G. Pap
ArXiv (abs)PDFHTML
Abstract

We study asymptotic properties of conditional least squares estimators for the drift parameters of two-factor affine diffusions based on continuous time observations. We distinguish three cases: subcritical, critical and supercritical. For all the drift parameters, in the subcritical and supercritical cases, asymptotic normality and asymptotic mixed normality is proved, while in the critical case, non-standard asymptotic behavior is described.

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