The Levy sections theorem: an application to econophysics
نویسندگان
چکیده
We employ the Lévy sections theorem in the analysis of selected dollar exchange rate time series. The theorem is an extension of the classical central limit theorem and offers an alternative to the most usual analysis of the sum variable. We find that the presence of fat tails can be related to the local volatility pattern of the series.
منابع مشابه
Levy sections theorem revisited
This paper revisits Levy sections theorem, which generalizes the central limit theorem to encompass autocorrelated variables. Levy sections theorem’s approach is extended to time series and applied to historical daily returns of selected dollar exchange rates. We explain the elevated kurtosis usually observed in such series by their volatilities. In particular, the high kurtosis of emerging mar...
متن کاملStress Analysis and Energy Estimation in Cold-Roll Forming Process
In this article, stress analysis and energy estimation during cold-roll forming of symmetrical channel sections have been discussed. Geometry of sheet strip is pre-estimated by a shape function. Then longitudinal, transversal and shear strains have been calculated. Using both the Levy-Mises and the Prandtl Reuss equations, and also considering the Bauschinger effect, stress distributions have b...
متن کاملGeneralization of Darbo's fixed point theorem and application
In this paper, an attempt is made to present an extension of Darbo's theorem, and its applicationto study the solvability of a functional integral equation of Volterra type.
متن کاملStress Analysis and Energy Estimation in Cold-Roll Forming Process
In this article, stress analysis and energy estimation during cold-roll forming of symmetrical channel sections have been discussed. Geometry of sheet strip is pre-estimated by a shape function. Then longitudinal, transversal and shear strains have been calculated. Using both the Levy-Mises and the Prandtl Reuss equations, and also considering the Bauschinger effect, stress distributions have b...
متن کاملCompleteness in Probabilistic Metric Spaces
The idea of probabilistic metric space was introduced by Menger and he showed that probabilistic metric spaces are generalizations of metric spaces. Thus, in this paper, we prove some of the important features and theorems and conclusions that are found in metric spaces. At the beginning of this paper, the distance distribution functions are proposed. These functions are essential in defining p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2013