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Mastering Python for Finance - Second Edition
book

Mastering Python for Finance - Second Edition

by James Ma Weiming
April 2019
Intermediate to advanced
426 pages
11h 13m
English
Packt Publishing
Content preview from Mastering Python for Finance - Second Edition

Types of stationary processes

These are a number of definitions of stationarity that you may come across in time series studies:

  • Stationary process: A process that generates a stationary series of observations.
  • Trend stationary: A process that does not exhibit a trend.
  • Seasonal stationary: A process that does not exhibit seasonality.
  • Strictly stationary: Also known as strongly stationary. A process whose unconditional joint probability distribution of random variables does not change when shifted in time (or along the x axis).
  • Weakly stationary: Also known as covariance-stationary, or second-order stationary. A process whose mean, variance, and correlation of random variables doesn't change when shifted in time.
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Publisher Resources

ISBN: 9781789346466