On the Distribution of the Integrated Square of the Ornstein-Uhlenbeck Process
Abstract
Using functional integral methods, one calculates the Laplace transform of the square of the Ornstein-Uhlenbeck process X(t) integrated over 0 < or = t < or = T, invert this transform via infinite series, and study the asymptotic behavior as T approaches infinity of the density and distribution functions, as well as these functions conditioned on the event X(T) = 0. We find that the approximation by an inverse Gaussian distribution, introduced earlier by Grenander, Pollak, and Slepian, is asymptotically correct (to within a constant factor) in the conditional case, but in the unconditional case.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1988
- Accession Number
- ADA207253
Entities
People
- Thad Dankel Jr.
Organizations
- University of North Carolina at Chapel Hill