Estimation for a Second-Order Jump Diffusion Model from Discrete Observations: Application to Stock Market Returns

<table class="figure-group"><tr class="fig-image" id="a"><td><object data="https://static.hindawi.com/articles/ddns/volume-2018/9549707/figures/9549707.fig.001a.svgz" name="9549707.fig.001a" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(a) </b>Daily closing stock prices of Microsoft Corporation</td></tr><tr class="fig-image" id="b"><td><object data="https://static.hindawi.com/articles/ddns/volume-2018/9549707/figures/9549707.fig.001b.svgz" name="9549707.fig.001b" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(b) </b>Change in daily closing stock price of Microsoft Corporation</td></tr></table>

<div>Daily closing stock price of Microsoft Corporation from January 25, 2000 to January 25, 2005.</div>

Discrete Dynamics in Nature and Society

fig1

Figure 1

Figure 1: Estimation for a Second-Order Jump Diffusion Model from Discrete Observations: Application to Stock Market Returns 