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:
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (1872–1945)
“The hysterical find too much significance in things. The depressed find too little.”
—Mason Cooley (b. 1927)
“The hypothesis I wish to advance is that ... the language of morality is in ... grave disorder.... What we possess, if this is true, are the fragments of a conceptual scheme, parts of which now lack those contexts from which their significance derived. We possess indeed simulacra of morality, we continue to use many of the key expressions. But we have—very largely if not entirely—lost our comprehension, both theoretical and practical, of morality.”
—Alasdair Chalmers MacIntyre (b. 1929)