← All Papers · Quantitative Finance

Two Representations of the Fenton Distribution: Generative and Spectral Forms

Dr. Tamás Nagy Short Draft Quantitative Finance
Unreviewed draft. This paper has not been human-reviewed. Mathematical claims may be unverified. Use with appropriate caution.
View in Graph BibTeX

Summary

The weighted sum of correlated lognormal random variables — the Fenton Distribution — has been considered to lack a closed-form CDF for over sixty years. We show this is a representation problem, not a mathematical one.
Length
2,726 words
Status
Draft

Browse all Quantitative Finance papers →