The Poincare series of a graded module is
It is the generating function of the Hilbert function .
A Hilbert polynomial of is a polynomial such that
for every sufficiently large integer . Eventual equality makes this polynomial unique.
Take with . This is a Noetherian graded algebra with , but
No polynomial can agree eventually with these alternating values, so has no Hilbert polynomial.
A sufficient condition is that be a standard graded algebra: it is generated as a -algebra by finitely many elements of degree one. The Hilbert-Serre theorem then makes a rational function whose denominator, after cancellation, is a power of . When the eventual Hilbert polynomial is nonzero,
where the right side uses the order of the pole at .
The degree- component is
Dimensions therefore satisfy the Cauchy product rule, giving

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