🎴 Flashcard Mode
Lévy Processes
Card1 / 14
Mastered0
Review0
QuestionClick to flip
What is the defining characteristic of a Lévy process?
AnswerClick to flip back
A
Independent and stationary increments
💡 Explanation:
A Lévy process is characterized by its independent and stationary increments, meaning that the increments of the process over disjoint intervals are independent and identically distributed.