What are the key characteristics of a stochastic process?

their work to capture GARCH features in equilibrium prices, by directly incorporating stochastic volatility in the (short-lived) private information process.) ... stochastic volatility process (Andersen (1992b)). We now turn to the issue of nonstationarity. So far, we have assumed that volume is stationary. This ignores ... ... Stochastic Processes and their Ap- plications, 74 (2) 195-201, 1998. 21 ... gineering and Informational Science, 18 (4) 493-502, 2004. 26. Zazanis ... Jul 1, 2007 ... ... stochastic process to the representative discrete stochastic function. ... The new original informational description of the process of ... Mar 22, 2011 ... ... stochastic process is present in commodity prices. In addition, we build a dynamic stochastic general equilibrium model with informational ... Admissible Data Processes. In applying the competitive message process to stochastic environments, we have thus far required uninformed agents to use the ... This paper describes a method for obtaining numerical information concerning the time-dependent behavior of stochastic processes such as those arising in ... The dynamic features are governed by the information flow, modeled as a stochastic volatility process, and generalize standard ARCH specifications. Oct 1, 2017 ... Convection processes have also been proposed to be represented through stochastic parameterizations (Christensen et al. 2015). Some climate ... ... Random Bridge market information process. This is the first attempt to ... Stochastic Processes and Their Applications, 121, 856-884. https://doi.org ...