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article · 2002

STATIONARY PROCESSES THAT LOOK LIKE RANDOM WALKS— THE BOUNDED RANDOM WALK PROCESS IN DISCRETE AND CONTINUOUS TIME

Several economic and financial time series are bounded by an upper and lower finite limit (e.g., interest rates). It is not possible to say that these time s...

84 citationsDOI: https://doi.org/10.1017/s0266466602181060
STATIONARY PROCESSES THAT LOOK LIKE RANDOM WALKS— THE BOUNDED RANDOM WALK PROCESS IN DISCRETE AND CONTINUOUS TIME