Affiliation:
1. Department of Finance and Risk Management, Warsaw University of Technology, Narbutta 85, 02-524 Warsaw, Poland
Abstract
In this paper we define, using the Stirling numbers of the second kind, the Gompertz wavelets and show their basic properties. In particular, we prove that the admissibility condition holds for them. We also compute the normalizing factors in the space of the square-integrable functions [Formula: see text] and present an explicit formula for them in terms of the Bernoulli numbers. Then, after implementing the second-order Gompertz wavelets in the Matlab Wavelet Toolbox, we perform numerical experiments demonstrating the practical applicability and effectiveness of the wavelets.
Funder
Excellence Initiative: Research University
Publisher
World Scientific Pub Co Pte Ltd