WHAT PROPERTIES DO CLIPPED DATA INHERIT FROM THE GENERATING PROCESSES?

WHAT PROPERTIES DO CLIPPED DATA INHERIT FROM THE GENERATING PROCESSES?

We analyze the way three important properties are inherited from the generating process to the hard limited one. These properties are stationarity, Markov property and ergodicity. We discuss the implications of our results and proofs in the context of the literature of binary processes modeling with...

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Veröffentlicht in:Studia Universitatis Babeș-Bolyai. Oeconomica 2012-12, Vol.57 (3), p.85-96
Hauptverfasser: Litan, Cristian, Buz, Adrian
Format: Artikel
Sprache:eng
Schlagworte:
Economic analysis
Economic theory
Economy
Inheritance
Literature
Markov analysis
Markovian processes
Modelling
Stationarity
Studies
Time series
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Zusammenfassung:We analyze the way three important properties are inherited from the generating process to the hard limited one. These properties are stationarity, Markov property and ergodicity. We discuss the implications of our results and proofs in the context of the literature of binary processes modeling with economic applications.
ISSN:2065-9644
1220-0506
2065-9644