Generalized Fractional Counting Process

In this paper, we obtain additional results for a fractional counting process introduced and studied by Di Crescenzo et al. (2016). For convenience, we call it the generalized fractional counting process (GFCP). It is shown that the one-dimensional distributions of the GFCP are not infinitely divisible. Its covariance structure is studied using which its long-range dependence property is established. It is shown that the increments of GFCP exhibits the short-range dependence property. Also, we prove that the GFCP is a scaling limit of some continuous time random walk. A particular case of the GFCP, namely, the generalized counting process (GCP) is discussed for which we obtain a limiting result, a martingale result and establish a recurrence relation for its probability mass function. We have shown that many known counting processes such as the Poisson process of order $k$, the Pólya-Aeppli process of order $k$, the negative binomial process and their fractional versions etc. are other special cases of the GFCP. An application of the GCP to risk theory is discussed.