On the Functional Central Limit Theorem for Martingales
Abstract
Necessary and sufficient conditions for the functional central limit theorem for a double array of random variables are sought. It is argued that this is a martingale problem only if the variables truncated at some fixed point c are asymptotically a martingale difference array. Under this hypothesis, necessary and sufficient conditions for convergence in distribution to a Brownian motion are obtained when the normalization is given (i) by the sums of squares of the variables, (ii) by the conditional variances and (iii) by the variances. The results are proved by comparing the various normalizations with a 'natural' normalization.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1975
- Accession Number
- ADA018701
Entities
People
- Holger Rootzen
Organizations
- University of North Carolina at Chapel Hill