Significance
Girsanov's theorem is important in the general theory of stochastic processes since it enables the key result that if Q is a measure absolutely continuous with respect to P then every P-semimartingale is a Q-semimartingale.
Read more about this topic: Girsanov Theorem
Famous quotes containing the word significance:
“The hysterical find too much significance in things. The depressed find too little.”
—Mason Cooley (b. 1927)
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (18721945)
“Of what significance the light of day, if it is not the reflection of an inward dawn?to what purpose is the veil of night withdrawn, if the morning reveals nothing to the soul? It is merely garish and glaring.”
—Henry David Thoreau (18171862)
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