High dimensionality comparable to sample size is common in many statistical problems. We examine covariance matrix estimation in the asymptotic framework that the dimensionality p tends to as the sample size n increases. Motivated by the Arbitrage Pricing Theory in finance, a multi-factor model is employed to reduce dimensionality and to estimate the covariance matrix. The factors are observable and the number of factors K is allowed to grow with p. We investigate the impact of p and K on the performance of the model-based covariance matrix estimator. Under mild assumptions, we have established convergence rates and asymptotic normality of the model-based estimator. Its performance is compared with that of the sample covariance matrix. We identify situations under which the factor approach increases performance substantially or marginally. The impacts of covariance matrix estimation on optimal

In this survey paper, we will present the recent work on the study of the compressible fluids with vacuum states by illustrating its interesting and singular behavior through some systems of fluid dynamics, that is, Euler equations, EulerPoisson equations and NavierStokes equations. The main concern is the well-posedness of the problem when vacuum presents and the singular behavior of the solution near the interface separating the vacuum and the gas. Furthermore, the relation of the solutions for the gas dynamics with vacuum to those of the Boltzmann equation will also be discussed. In fact, the results obtained so far for vacuum states are far from being complete and satisfactory. Therefore, this paper can only be served as an introduction to this interesting field which has many open and challenging mathematical problems. Moreover, the problems considered here are limited to the author's interest and

We study the deformed Hermitian-Yang-Mills (dHYM) equation, which is mirror to the special Lagrangian equation, from the variational point of view via an infinite dimensional GIT problem mirror to Thomas' GIT picture for special Lagrangians. This gives rise to infinite dimensional manifold $\mathcal{H}$ mirror to Solomon's space of positive Lagrangians. In the hypercritical phase case we prove the existence of smooth approximate geodesics, and weak geodesics with $C^{1,\alpha}$ regularity. This is accomplished by proving sharp with respect to scale estimates for the Lagrangian phase operator on collapsing manifolds with boundary. We apply these results to the infinite dimensional GIT problem for deformed Hermitian-Yang-Mills. We associate algebraic invariants to certain birational models of $X\times \Delta$, where $\Delta \subset \mathbb{C}$ is a disk. Using the existence of regular weak geodesics we prove that these invariants give rise to obstructions to the existence of solutions to the dHYM equation. Furthermore, we show that these invariants fit into a stability framework closely related to Bridgeland stability. Finally, we use a Fourier-Mukai transform on toric K\"ahler manifolds to describe degenerations of Lagrangian sections of SYZ torus fibrations of Landau-Ginzburg models $(Y,W)$. We speculate on the resulting algebraic invariants, and discuss the implications for relating Bridgeland stability to the existence of special Lagrangian sections of $(Y,W)$.

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We show that the angles between Teichmüller geodesic rays issuing from a common point, defined by using the law of cosines, do not always exist. The proof uses an estimation for the Teichmüller distance on finite dimensional Teichmüller spaces. As a consequence, the Teichmüller space equipped with the Teichmüller metric is not a CAT(k) space for any k∈R . We also discuss some necessary conditions for the existence of angle between the Teichmüller geodesics.