In this paper we study the telegraph meander, a random function obtained by conditioning the telegraph process to stay above the zero level. The finite dimensional distribution of the telegraph meander is derived by applying the reflection principle for the telegraph process and the Markovianity of the telegraph process with the velocity process. We show that the law of the telegraph meander at the end time is a solution to a hyperbolic equation, and we find the characteristic function and moments of any order. Finally, we prove that Brownian meander is the weak limit of the telegraph meander.
On the distribution of the telegraph meander and its properties / Pedicone, A.; Orsingher, E.. - In: STOCHASTIC PROCESSES AND THEIR APPLICATIONS. - ISSN 0304-4149. - 195:(2026), pp. 1-16. [10.1016/j.spa.2026.104887]
On the distribution of the telegraph meander and its properties
Pedicone, A.
;Orsingher, E.
2026
Abstract
In this paper we study the telegraph meander, a random function obtained by conditioning the telegraph process to stay above the zero level. The finite dimensional distribution of the telegraph meander is derived by applying the reflection principle for the telegraph process and the Markovianity of the telegraph process with the velocity process. We show that the law of the telegraph meander at the end time is a solution to a hyperbolic equation, and we find the characteristic function and moments of any order. Finally, we prove that Brownian meander is the weak limit of the telegraph meander.| File | Dimensione | Formato | |
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