Compute expected lower partial moments for normal asset returns
elpm(Mean, Sigma) elpm(Mean, Sigma, MAR) elpm(Mean, Sigma, MAR, Order) oment = elpm(Mean, Sigma, MAR, Order)




 (Optional) Scalar minimum acceptable return (default 
 (Optional) Either a scalar or a 
Given NUMSERIES
asset returns with a vector
of mean returns in a NUMSERIES
vector Mean
,
a vector of standard deviations of returns in a NUMSERIES
vector Sigma
,
a scalar minimum acceptable return MAR
, and one
or more nonnegative integer moment orders in a NUMORDERS
vector Order
,
compute expected lower partial moments (elpm
) relative
to MAR
for each asset in a NUMORDERS
byNUMSERIES
matrix Moment
.
The output, Moment
, is a NUMORDERS
byNUMSERIES
matrix
of expected lower partial moments with NUMORDERS
Order
s
and NUMSERIES
series, that is, each row contains
expected lower partial moments for a given order.
Note:
To compute upper partial moments, just reverse the signs of
both the input 