Modelling river flows as jump-diffusion processes
Abstract
The streamflow of a river is modelled as a jump-diffusion process. The jump size is distributed as an exponential random variable. The various parameters of the model are estimated by using the method of moments. An application to the Mississippi River is presented.
Keywords
Wiener process; Poisson process; Method of moments
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PDFDOI: https://doi.org/10.1478/AAPP.1021A4
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