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Table 2 Explicit expressions of the basis functions

From: Complex derivatives valuation: applying the Least-Squares Monte Carlo Simulation Method with several polynomial basis

 

f n (x)

N

d n

c m

g m (x)

Power

W n (x)

0

1

1

x n

Legendre

P n (x)

[n/2]

2n

\( {\left(-1\right)}^m.\left(\underset{m}{\overset{n}{}}\right).\left(\underset{n}{\overset{2.n-2.m}{}}\right) \)

x n−2.m

Laguerre

L n (x)

n

1

\( \frac{{\left(-1\right)}^m}{m!}.\left(\underset{n-m}{\overset{n}{}}\right) \)

x m

Hermite A

H n (x)

\( \left[\raisebox{1ex}{$n$}\!\left/ \!\raisebox{-1ex}{$2$}\right.\right] \)

n!

\( {\left(-1\right)}^m.\frac{1}{m!\left(n-2.m\right)!} \)

(2.x)n−2.m