EconBase
← All papers

Detection and Estimation of Structural Breaks in High-Dimensional Functional Time Series

Degui Li, Runze Li, Han Lin Shang

arXiv 14 Apr 2023 · Statistics — Methodology · publishedThe Annals of Statistics (2024) · 5 citations (OpenAlex)

arXiv:2304.07003 · PDF · DOI · OpenAlex · Extracted main text

Abstract

In this paper, we consider detecting and estimating breaks in heterogeneous mean functions of high-dimensional functional time series which are allowed to be cross-sectionally correlated and temporally dependent. A new test statistic combining the functional CUSUM statistic and power enhancement component is proposed with asymptotic null distribution theory comparable to the conventional CUSUM theory derived for a single functional time series. In particular, the extra power enhancement component enlarges the region where the proposed test has power, and results in stable power performance when breaks are sparse in the alternative hypothesis. Furthermore, we impose a latent group structure on the subjects with heterogeneous break points and introduce an easy-to-implement clustering algorithm with an information criterion to consistently estimate the unknown group number and membership. The estimated group structure can subsequently improve the convergence property of the post-clustering break point estimate. Monte-Carlo simulation studies and empirical applications show that the proposed estimation and testing techniques have satisfactory performance in finite samples.

Citation extraction

41
references
61
in-text mentions
39
distinct cited
2
self-citations
9,083
main-text words

appendix boundary found by appendix_command · 51% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Aue, Rice and Sönmez (2018) Detecting and dating structural breaks in functional data without dimension reduction1.00094100%
2Horváth, Kokoszka and Rice (2014) Testing stationarity of functional time series0.81142100%
3Bosq (2000) Linear Processes in Function Spaces0.7373367%
4Bai (2010) Common breaks in means and variances for panel data0.73732100%
5Fan, Liao \ Yao (2015) Power enhancement in high-dimensional cross-sectional tests0.73732100%
6Sharipov, Tewes and Wendler (2016) Sequential block bootstrap in a Hilbert space with application to change point analysis0.73732100%
7Li, Robinson and Shang (2023) Nonstationary fractionally integrated functional time series self0.64422100%
8Horváth and Husková (2012) Change-point detection in panel data0.5112250%
9Aue et al (2009) Estimation of a change-point in the mean function of functional data0.40511100%
10Aston and Kirch (2012) Detecting and estimating changes in dependent functional data0.40511100%

Showing the top 10 of 39 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Enhanced power enhancements for testing many moment equalities: Beyond the $2$- and $$-norm0.40511