Sequential Quasi-Monte Carlo: Introduction for non-experts, dimension reduction, application to partly observed diffusion processes

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Abstract

SMC (Sequential Monte Carlo) is a class of Monte Carlo algorithms for filtering and related sequential problems. Gerber and Chopin (J R Stat Soc Ser B Stat Methodol 77(3):509–579, 2015, [16]) introduced SQMC (Sequential quasi-Monte Carlo), a QMC version of SMC. This paper has two objectives: (a) to introduce Sequential Monte Carlo to the QMC community, whose members are usually less familiar with state-space models and particle filtering; (b) to extend SQMC to the filtering of continuous-time state-space models, where the latent process is a diffusion. A recurring point in the paper will be the notion of dimension reduction, that is how to implement SQMC in such a way that it provides good performance despite the high dimension of the problem.

Original languageEnglish
Title of host publicationMonte Carlo and Quasi-Monte Carlo Methods - MCQMC 2016
EditorsPeter W. Glynn, Art B. Owen
PublisherSpringer New York LLC
Pages99-121
Number of pages23
ISBN (Print)9783319914350
DOIs
Publication statusPublished - 1 Jan 2018
Externally publishedYes
Event12th International Conference on Monte Carlo and Quasi-Monte Carlo Methods in Scientific Computing, MCQMC 2016 - Stanford, United States
Duration: 14 Aug 201619 Aug 2016

Publication series

NameSpringer Proceedings in Mathematics and Statistics
Volume241
ISSN (Print)2194-1009
ISSN (Electronic)2194-1017

Conference

Conference12th International Conference on Monte Carlo and Quasi-Monte Carlo Methods in Scientific Computing, MCQMC 2016
Country/TerritoryUnited States
CityStanford
Period14/08/1619/08/16

Keywords

  • Diffusion models
  • Particle filtering
  • Randomised quasi-Monte Carlo
  • Sequential Monte Carlo
  • State-space models

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