The Correlated Random Walk with Boundaries. A Combinatorial Solution

Publication: Working/Discussion PaperWU Working Paper

Abstract

The transition fundions for the correlated random walk with two absorbing boundaries are derived by means of a combinatorial construction which is based on Krattenthaler's Theorem for counting lattice paths with turns. Results for walks with one boundary and for unrestricted walks are presented as special cases. Finally we give an asymptotic formula, which proves to be useful for computational purposes. (author's abstract)
Original languageEnglish
Place of PublicationVienna
PublisherDepartment of Statistics and Mathematics, WU Vienna University of Economics and Business
Publication statusPublished - 1999

Publication series

NameForschungsberichte / Institut für Statistik
No.67

WU Working Paper Series

  • Forschungsberichte / Institut für Statistik

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