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In this paper, we propose a multivariate market model with returns assumed to follow a multivariate normal tempered stable distribution. This distribution, defined by a mixture of the multivariate normal distribution and the tempered stable subordinator, is consistent with two stylized facts...
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A comprehensive look at how probability and statistics is applied to the investment process Finance has become … finance. Includes detailed discussions of descriptive statistics, basic probability theory, inductive statistics, and …
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