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We provide a methodology to calculate the expectation of a variate x in terms of the moments of a transformation of x. Apart from the intrinsic interest in such a fundamental relation that relates the moments of a variate and its nonlinear transformations, our results can be used in practice to...
Persistent link: https://www.econbiz.de/10010551736
We derive expansions of E(x) in terms of the moments of a transformation of x, in a more general context than Taylor expansions. Apart from the intrinsic interest in such a fundamental relation that links the moments of a variate and its nonlinear transformations, our results can be used in...
Persistent link: https://www.econbiz.de/10014176719