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A REMARK ON EXACT SIMULATION OF TEMPERED STABLE ORNSTEIN-UHLENBECK PROCESSES

Research output: Contribution to journalArticlepeer-review

Abstract

Qu, Dassios, and Zhao (2021) suggested an exact simulation method for tempered stable Ornstein-Uhlenbeck processes, but their algorithms contain some errors. This short note aims to correct their algorithms and conduct some numerical experiments.

Original languageEnglish
Pages (from-to)1196-1198
Number of pages3
JournalJournal of Applied Probability
Volume61
Issue number4
DOIs
Publication statusPublished - 2024 Dec 1

Keywords

  • Monte Carlo simulation
  • Ornstein-Uhlenbeck process
  • inverse Gaussian process
  • tempered stable process

ASJC Scopus subject areas

  • Statistics and Probability
  • General Mathematics
  • Statistics, Probability and Uncertainty

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