Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.
Art&Blue-Liberalism is a personal blog featuring artwork, academic interests, and independent commentary. Touhou Project fan works featured on this blog are unofficial creations based on Touhou Project by Team Shanghai Alice (ZUN). They are not affiliated with or endorsed by the official creators. Political and economic opinions expressed on this blog are solely those of the author and do not represent Touhou Project or its creators.
Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.
ARCH was developed by an economist Robert F. Engle III having won the 2003 Nobel Memorial Prize in Economic Sciences for its achievement.
GARCH assumes the variance of the error term symmetrically varies depending the average size of the error terms in pervious time steps. It adds the lagged variance on the explanatory variable of the second regression with reference to the log-likelihood for finding the coefficients γ and δ:
Another popular auto-regressive method (AR) + Integrated differences (I) + moving-averaging (MA).
Ref.: https://people.duke.edu/~rnau/411arim.htm
Integrated (I): Using the differentiating a non-stationary time series to attempt to transform it to a stationary series.
Moving-Average (MR) model: Using the past forecasted error terms instead of the lags of the dependent variable.
Limited as the forecasting model: Whereas it provides the magnitude of the fluctuations e.g., volatility, their distribution is assumed to be symmetric. The error of the estimation expands for the future estimate
The coefficients of the lagged variable contain non-periodic noise terms, which disrupt the estimation of the important periodicities represented by these coefficients.
SSA and Prony-like methods can extract the cyclical physical components that contain important information about the periodicity and its magnitude by distinguishing them from the noise components.
SSA performs better than various auto-regressive methods and Hodrick-Prescott filter (Noise-filtering method) introduced in "Singular spectrum analysis for real-time financial cycles
measurement Maximilien Coussin 1 https://doi.org/10.1016/j.jimonfin.2021.102532"
Drew Aya Shameimaru and Megumu Iizunamaru with only the stationery set brought in my business trip.
My pixiv page: https://www.pixiv.net/en/artworks/118739193
Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.
These illustrations are posted in my Pixiv page so please visit https://www.pixiv.net/en/users/32334195!
Tool used & Back-Ground: CLIP STUDIO PAINT
This is a fan-art of "Obaniwan-channel" https://www.youtube.com/@obaniwan
Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.
These illustrations are posted in my Pixiv page so please visit https://www.pixiv.net/en/users/32334195!
Tool used & Back-Ground: CLIP STUDIO PAINT
Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.
Just now painted Sanae Kochiya (One of my top 3 favourite Touhou characters): Her transition from a highschool girl to a Shrine-maiden with her strong determination.
Imagining the BGM of "Faith is for the Transient People".
These illustrations are posted in my Pixiv page so please visit https://www.pixiv.net/en/users/32334195!
Tool used & Back-Ground: CLIP STUDIO PAINT
Touhou Project Fan Art Disclaimer
This artwork is an unofficial fan creation based on Touhou Project by Team Shanghai Alice (ZUN). It is not affiliated with or endorsed by the official creators.
Artwork by Art_Blue_Liberalism.