Approximations to weighted sums of random variables
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Publication:2045271
Abstract: In this paper, we obtain error bound for binomial and negative binomial approximations to weighted sums of locally dependent random variables, using Stein's method. We also discuss approximation results for weighted sums of independent random variables. We demonstrate our results through some applications in finance and runs in statistics.
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Cited in
(12)- Symmetric and centered binomial approximation of sums of locally dependent random variables
- On closeness of two discrete weighted sums
- Acknowledgement of priority: ``Weighted averages of random variables and exact weights
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