Functional Data Analysis of Payment Systems
Articles
A. Laukaitis
Institute of Mathematics and Informatics, Lithuania
A. Račkauskas
Vilnius University; Institute of Mathematics and Informatics, Lithuania
Published 2002-12-05
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Keywords

high frequency data
functional AR model
functional data analysis
B-splines
Fourier bases
credit cards payment system

How to Cite

Laukaitis, A. and Račkauskas, A. (2002) “Functional Data Analysis of Payment Systems”, Nonlinear Analysis: Modelling and Control, 7(2), pp. 53–68. Available at: https://www.journals.vu.lt/nonlinear-analysis/article/view/15194 (Accessed: 26 April 2024).

Abstract

In this paper for a credit cards payment system as robust predictor of transactions number and transactions intensity is proposed by means of functional autoregressive model. Intraday economic time series are treated as random continuous functions projected onto low dimensional subspace. Both B-splines and Fourier bases are considered for data smoothing.

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