State and explain the significance of ‘convergence and limit laws’.
A compound Poisson process is a continuous-time (random) stochastic process with jumps. The jumps arrive randomly according to a Poisson process and the size of the jumps is also random, with a specified probability distribution. A compound Poisson process, parameterised by a rate λ > ____ ______ ________ _____ _______ ___ ____ ________ _______ ____.
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