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Variance limit of an average of grouped products

Question

Let X1,X2,…X_1,X_2,\dots be i.i.d. with mean 55, variance 2020, and finite third and fourth moments. Define Yn=1n∑j=1n(X4j−32+X4j−22 X4j−1 X4j).Y_n=\frac{1}{n}\sum_{j=1}^{n}\Big(X_{4j-3}^2+X_{4j-2}^2\,X_{4j-1}\,X_{4j}\Big). What is lim⁡n→∞Var⁡(Yn)\lim_{n\to\infty}\operatorname{Var}(Y_n)? Answer −1-1 if the limit does not exist.

Short answer

00. The bracketed terms use disjoint blocks of the XXs, so they are i.i.d. Their variance is finite because it involves only moments up to order four, which are finite. Hence Var⁡(Yn)\operatorname{Var}(Y_n) is that variance divided by nn, which tends to 00.

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