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Parametric estimation for planar random flights observed at discrete times

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Author Info
Alessandro De Gregorio (Università di Milano, Italy)
Abstract

We deal with a planar random flight {(X (t), Y (t)), 0 < t ? T } observed at n + 1 equidistant times ti = i?n , i = 0, 1, ..., n. The aim of this paper is to estimate the unknown value of the parameter ?, the underlying rate of the Poisson process. The planar random flights are not markovian, then we use an alternative argument to derive a pseudo-maximum likelihood estimator ? of the parameter ?. We consider two different types of asymptotic schemes and show the consistency, the asymptotic normality and efficiency of the estimator proposed. A Monte Carlo analysis for small sample size n permits us to analyze the empirical performance of ?. A different approach permits us to introduce an alternative estima- tor of ? which is consistent, asymptotically normal and asymptotically efficient without the request of other assumptions.

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Publisher Info
Paper provided by Universitá degli Studi di Milano in its series UNIMI - Research Papers in Economics, Business, and Statistics with number 1052.

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Date of creation: 19 Mar 2007
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Handle: RePEc:bep:unimip:1052

Note: oai:cdlib1:unimi-1052
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Related research
Keywords: asymptotic efficiency; discretely observed process; planar random flight; inference for stochastic process;

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