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Necessary and sufficient condition for CLT of linear spectral statistics of sample correlation matrices

Necessary and sufficient condition for CLT of linear spectral statistics of sample correlation matrices

In this paper, we establish the central limit theorem (CLT) for the linear spectral statistics (LSS) of sample correlation matrix $R$, constructed from a $p\times n$ data matrix $X$ with independent and identically distributed (i.i.d.) entries having mean zero, variance one, and infinite fourth moments in the high-dimensional regime $n/p\rightarrow …