In this paper, we propose an extension of a periodic GARCH (PGARCH) model to a Markov-switching periodic GARCH (MS-PGA RCH), and provide some probabilistic properties of this class of models. In particular, we address the question of strictly periodically and of weakly periodically stationary solutions. We establish necessary and sufficient conditions ensuring the existence of higher order moments. We further provide closed-form expressions for calculating the even-order moments as well as the autocovariances of the powers of a MS-PGARCH process. We thus show how these moments and autocovariances can be used for estimating model parameters using GMM method.
Turbulence of flow over mobile bedforms in natural open channels is not yet clearly understood. An attempt is made in this paper to determine the effect of naturally formed mobile bedforms on velocities, turbulent intensities and turbulent stresses. Instantaneous velocities are measured using a two-dimensional particle image velocimetry (PIV) to evaluate the turbulence structure of free surface flow over a fixed (immobile) bed, a weakly mobile bed and a temporally varying mobile bed with different stages of bedform development. This paper documents the vertical distribution of velocity, turbulence intensities, Reynolds shear stress and higher-order moments including skewness and turbulent diffusion factors. Analysis of the velocity distributions shows a substantial decrease of velocity near the bed with increasing bedform mobility due to increased friction. A modified logarithmic law with a reduced von Kármán constant and increased velocity shift is proposed for the case of the mobile bedforms. A significant increase in the Reynolds shear stress is observed in the mobile bedforms experiments accompanied by changes over the entire flow depth compared to an immobile bed. The skewness factor distribution was found to be different in the case of the flow over the mobile bedforms. All higher-order turbulence descriptors are found to be significantly affected by the formation of temporally varying and non-equilibrium mobile bedforms. Quadrant analysis indicates that sweep and outward events are found to be dominant in strongly mobile bedforms and govern the bedform mobility.