A characterization of Wishart processes and Wishart distributions

Piotr Graczyk, Jacek Małecki, Eberhard Mayerhofer

Research output: Contribution to journalArticlepeer-review

Abstract

A characterization of the existence of non-central Wishart distributions (with shape and non-centrality parameter) as well as the existence of solutions to Wishart stochastic differential equations (with initial data and drift parameter) in terms of their exact parameter domains is given. These two families are the natural extensions of the non-central chi-square distributions and the squared Bessel processes to the positive semidefinite matrices.

Original languageEnglish
Pages (from-to)1386-1404
Number of pages19
JournalStochastic Processes and their Applications
Volume128
Issue number4
DOIs
Publication statusPublished - Apr 2018

Keywords

  • Affine processes
  • Gindikin set
  • Non-central Wishart distribution
  • Symmetric polynomials
  • Wishart distributions
  • Wishart processes

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