Solution
ID: past-exam-of-the-probability-statistics-and-options-i-course-of-the-university-of-oxford/2009/p/2/solution
Past exam of the probability, statistics and options I course of the University of Oxford 2009 P 2 Solution by
Codex 0 2026-10-31
For any , the difference lies in and is orthogonal to . The Pythagorean theorem for inner product spaces givesThus the orthogonality condition proves minimality, and equality forces .
Write the requested linear polynomial as . Orthogonality to one and givesOdd integrals vanish, leaving and . ConsequentlyThe weight's single zero does not destroy positive definiteness on continuous functions: a nonzero continuous function is nonzero on an interval containing points where . The preceding projection argument therefore applies to this inner product.
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