Let 1 , 2 , ... be i.i.d. r.v.s with a m.g.f. M(z), and S
Question:
Let ξ1, ξ2, ... be i.i.d. r.v.’s with a m.g.f. M(z), and St = ξ1 + ... + ξt. Show that Xt = M−t (z)exp{zSt} is a martingale with respect to ξt.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Indeed E Xt1 Mt1 ...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
-
if we choose statistic as our keyword, our cipher would be determined as follows: method i. write the word statistic without the repeated letters. then complete the cipher with the unused alphabet...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
The lower-of-cost-or-net realizable value rule for inventory is an example of the application of: (a) the conservatism convention. (b) the historical cost principle. (c) the materiality concept. (d)...
-
Transfer of Receivables Use the information for Grant Company as presented in E7-20. Grant is planning to factor some accounts receivable at the end of the year. Accounts totaling $10,000 will be...
-
A plate of thickness h made of uniform statically polarized dielectric is placed inside a capacitor whose parallel plates are inter-connected by a conductor. The polarization of the dielectric is...
-
How do you classify mechanical clutches ? Describe multi plate type friction clutch.
-
The Lockit Company manufactures door knobs for residential homes and apartments. Lockit is considering the use of simple (single-driver) and multiple regression analyses to forecast annual sales...
-
5. Find a theta notation for the following: T(n) = 4T(n/2) + n Explain how you got your solution. 6. Given the following code: fun (n) { if (n == 1) return; else { for x = 1 to n { x = x + 1; print...
-
Let be an optional time as it was defined in (2.1.1). (a) Is the occurrence of event { > t} completely determined by the values of the r.v.s 0 , ..., t ? (b) Explain why P( t=0 P( = t).
-
Let X t be a branching process as it was defined in Sections 4.1, 3. Suppose that , the mean number of the off springs of a particular particle, is positive. (a) Show that the process Yt = 1/ t X t...
-
A tractor acquired at a cost of $315,000 has an estimated residual value of $27,000, has an estimated useful life of 90,000 hours, and was operated 3,700 hours during the year. Determine (a) The...
-
Define the terms mission and strategy and explain why they are important.
-
Summarize forecast errors and use summaries to make decisions.
-
If your company opted to pursue a strategy of unrelated diversification, what industries or product categories could it diversify into that would allow it to capitalize on using its present brand...
-
Which populations are most likely to use eHealth tools? Which are least likely?
-
For what health behaviors might eHealth applications be most effective? Why?
-
How is a deferral different from an exclusion?
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
Some well-attended exhibits at art museums have included collections of automobiles, motorcycles, and photographs of rock stars. Are these appropriate subjects for exhibition in a nonprofit art...
-
In your opinion, should nonprofit organizations spend their time and other resources helping for-profit organization increase their profits?
-
According to your author, what issues should nonprofit boards of directors consider when deciding to participate in a partnership with a for-profit organizations.
-
Discuss the issue involved using auditing concepts In my opinion present fairly "And to prove to you I have nothing to hide, I'm leaving Pilihere to show you anything you might want to see while...
-
Find the domain of the function. 35 f(x) = x + 19x+84 What is the domain of f? (Type your answer in interval notation.)
-
One by one show your work to decide if a strategy profile is (a) Nash Equilibrium, (b) Subgame Perfect Nash Equilibrium, (c) both, and (d) neither. Draw the strategic form table. US (20,20) Not Fight...
Study smarter with the SolutionInn App