Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/85545 
Year of Publication: 
1997
Series/Report no.: 
Tinbergen Institute Discussion Paper No. 97-100/4
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
In certain cases partial sums of i.i.d. random variables with finite variance are better approximated by asequence of stable distributions with indices alpha n -> 2 than by a normal distribution. We discusswhen this happens and how much the convergence rate can be improved by using penultimate approximations. Similar results are valid for other stable distributions.
Document Type: 
Working Paper

Files in This Item:
File
Size
267.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.