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Block Sampler and Posterior Mode Estimation for a Nonlinear and Non-Gaussian State-Space Model with Correlated Errors

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Author Info
Yasuhiro Omori (Faculty of Economics, The University of Tokyo)
Toshiaki Watanabe (Faculty of Economics, Tokyo Metropolitan University)

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Abstract

In a linear Gaussian state-space time series analysis, a disturbance smoother and a simula-tion smoother are widely used procedures for smoothing and sampling state or disturbance vectors given observations. Several smoothing procedures are also proposed for a non-Gaussian observation process. However, it is assumed that a state equation is linear and that an observation vector and a state vector are conditionally independent. These as-sumptions often need to be relaxed in the analysis of real data. Thus this article considers a general state-space model with a non-Gaussian observation process and a nonlinear state equation where an observation vector and a state vector are allowed to be dependent. We describe a disturbance smoother and a simulation smoother for such models and give numerical examples using simulated data and real data.

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Publisher Info
Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-221.

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Length: 40 pages
Date of creation: May 2003
Date of revision:
Handle: RePEc:tky:fseres:2003cf221

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