加载中…
We prove a general result on a relationship between a limit of normalized numbers of interval crossings by a càdlàg path and an occupation measure associated with this path. Using this result we define local times of fractional Brownian motions (classically defined as densities of relevant occupation measure) as weak limits of properly normalized numbers of interval crossings. We also discuss a similar result for càdlàg semimartingales, in particular for alpha-stable processes, and for Rosenblatt processes, and provide natural examples of deterministic paths which possess quadratic or higher order variation but no local times.

生成讲解博客的中文版本

生成AI智能校验的中文版本