Baxter Algebras and Umbral Calculus

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We apply recent constructions of free Baxter algebras to the study of the umbral calculus. We give a characterization of the umbral calculus in terms of Baxter algebra. This characterization leads to a natural generalization of the umbral calculus that include the classical umbral calculus in a family of $λ$-umbral calculi parameterized by $λ$ in the base ring.
22 pages

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