Order-Flow and Impact · deterministic synthetic teaching data
PIN Guided Lab
What share of model-implied order arrivals comes from the informed component? Choose → step → observe → explain → compare.
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Order-Flow and Impact · measurement context
What share of fitted arrival intensity belongs to the model-implied informed component?
Nearest comparison
VPIN is rolling equal-volume imbalance; PIN is a fitted daily buy/sell Poisson-mixture ratio.
Do not substitute
“Informed” names a latent model component; the output does not identify people, motive, or private information.