Multifractals

Author: David Harte
Publisher: CRC Press
ISBN: 1420036009
Format: PDF, Kindle
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Although multifractals are rooted in probability, much of the related literature comes from the physics and mathematics arena. Multifractals: Theory and Applications pulls together ideas from both these areas using a language that makes them accessible and useful to statistical scientists. It provides a framework, in particular, for the evaluation of statistical properties of estimates of the Renyi fractal dimensions. The first section provides introductory material and different definitions of a multifractal measure. The author then examines some of the various constructions for describing multifractal measures. Building from the theory of large deviations, he focuses on constructions based on lattice coverings, covering by point-centered spheres, and cascades processes. The final section presents estimators of Renyi dimensions of integer order two and greater and discusses their properties. It also explores various applications of dimension estimation and provides a detailed case study of spatial point patterns of earthquake locations. Estimating fractal dimensions holds particular value in studies of nonlinear dynamical systems, time series, and spatial point patterns. With its careful yet practical blend of multifractals, estimation methods, and case studies, Multifractals: Theory and Applications provides a unique opportunity to explore the estimation methods from a statistical perspective.

Multifractal Volatility

Author: Laurent E. Calvet
Publisher: Academic Press
ISBN: 9780080559964
Format: PDF
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Calvet and Fisher present a powerful, new technique for volatility forecasting that draws on insights from the use of multifractals in the natural sciences and mathematics and provides a unified treatment of the use of multifractal techniques in finance. A large existing literature (e.g., Engle, 1982; Rossi, 1995) models volatility as an average of past shocks, possibly with a noise component. This approach often has difficulty capturing sharp discontinuities and large changes in financial volatility. Their research has shown the advantages of modelling volatility as subject to abrupt regime changes of heterogeneous durations. Using the intuition that some economic phenomena are long-lasting while others are more transient, they permit regimes to have varying degrees of persistence. By drawing on insights from the use of multifractals in the natural sciences and mathematics, they show how to construct high-dimensional regime-switching models that are easy to estimate, and substantially outperform some of the best traditional forecasting models such as GARCH. The goal of Multifractal Volatility is to popularize the approach by presenting these exciting new developments to a wider audience. They emphasize both theoretical and empirical applications, beginning with a style that is easily accessible and intuitive in early chapters, and extending to the most rigorous continuous-time and equilibrium pricing formulations in final chapters. Presents a powerful new technique for forecasting volatility Leads the reader intuitively from existing volatility techniques to the frontier of research in this field by top scholars at major universities The first comprehensive book on multifractal techniques in finance, a cutting-edge field of research

Fractals

Author: Behzad Ghanbarian
Publisher: CRC Press
ISBN: 1498748724
Format: PDF, Kindle
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This book provides theoretical concepts and applications of fractals and multifractals to a broad range of audiences from various scientific communities, such as petroleum, chemical, civil and environmental engineering, atmospheric research, and hydrology. In the first chapter, we introduce fractals and multifractals from physics and math viewpoints. We then discuss theory and practical applications in detail. In what follows, in chapter 2, fragmentation process is modeled using fractals. Fragmentation is the breaking of aggregates into smaller pieces or fragments, a typical phenomenon in nature. In chapter 3, the advantages and disadvantages of two- and three-phase fractal models are discussed in detail. These two kinds of approach have been widely applied in the literature to model different characteristics of natural phenomena. In chapter 4, two- and three-phase fractal techniques are used to develop capillary pressure curve models, which characterize pore-size distribution of porous media. Percolation theory provides a theoretical framework to model flow and transport in disordered networks and systems. Therefore, following chapter 4, in chapter 5 the fractal basis of percolation theory and its applications in surface and subsurface hydrology are discussed. In chapter 6, fracture networks are shown to be modeled using fractal approaches. Chapter 7 provides different applications of fractals and multifractals to petrophysics and relevant area in petroleum engineering. In chapter 8, we introduce the practical advantages of fractals and multifractals in geostatistics at large scales, which have broad applications in stochastic hydrology and hydrogeology. Multifractals have been also widely applied to model atmospheric characteristics, such as precipitation, temperature, and cloud shape. In chapter 9, these kinds of properties are addressed using multifractals. At watershed scales, river networks have been shown to follow fractal behavior. Therefore, the applications of fractals are addressed in chapter 10. Time series analysis has been under investigations for several decades in physics, hydrology, atmospheric research, civil engineering, and water resources. In chapter 11, we therefore, provide fractal, multifractal, multifractal detrended fluctuation analyses, which can be used to study temporal characterization of a phenomenon, such as flow discharge at a specific location of a river. Chapter 12 addresses signals and again time series using a novel fractal Fourier analysis. In chapter 13, we discuss constructal theory, which has a perspective opposite to fractal theories, and is based on optimizationof diffusive exchange. In the case of river drainages, for example, the constructal approach begins at the divide and generates headwater streams first, rather than starting from the fundamental drainage pattern.

Fractals and Multifractals in Ecology and Aquatic Science

Author: Laurent Seuront
Publisher: CRC Press
ISBN: 9781420004243
Format: PDF, Docs
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Ecologists sometimes have a less-than-rigorous background in quantitative methods, yet research within this broad field is becoming increasingly mathematical. Written in a step-by-step fashion, Fractals and Multifractals in Ecology and Aquatic Science provides scientists with a basic understanding of fractals and multifractals and the techniques for utilizing them when analyzing ecological phenomenon. With illustrations, tables, and graphs on virtually every page – several in color – this book is a comprehensive source of state-of-the-art ecological scaling and multiscaling methods at temporal and spatial scales, respectfully ranging from seconds to months and from millimeters to thousands of kilometers. It illustrates most of the data analysis techniques with real case studies often based on original findings. It also incorporates descriptions of current and new numerical techniques to analyze and deepen understanding of ecological situations and their solutions. Includes a Wealth of Applications and Examples This book also includes nonlinear analysis techniques and the application of concepts from chaos theory to problems of spatial and temporal patterns in ecological systems. Unlike other books on the subject, Fractals and Multifractals in Ecology and Aquatic Science is readily accessible to researchers in a variety of fields, such as microbiology, biology, ecology, hydrology, geology, oceanography, social sciences, and finance, regardless of their mathematical backgrounds. This volume demystifies the mathematical methods, many of which are often regarded as too complex, and allows the reader to access new and promising concepts, procedures, and related results.

Fractals in Engineering

Author: Jacques Levy Vehel
Publisher: Springer Science & Business Media
ISBN: 1447109953
Format: PDF, Docs
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Fractal analysis research is expanding into a variety of engineering domains. The strong potential of this work is now beginning to be seen in important applications in real industrial situations. Recent research progress has already led to new developments in domains such as signal processing and chemical engineering, and the major advances in fractal theory that underlie such developments are detailed here. New domains of applications are also presented, among them environmental science and rough surface analysis. Sections include multifractal analysis, iterated function systems, random processes, network traffic analysis, fractals and waves, image compression, and applications in physics. Fractals in Engineering emphasizes the connection between fractal analysis research and applications to industry. It is an important volume that illustrates the scientific and industrial value of this exciting field.

Fractals Theory and Applications in Engineering

Author: Michel Dekking
Publisher: Springer Science & Business Media
ISBN: 1447108736
Format: PDF
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Owing to the rapid emergence and growth of techniques in the engineering application of fractals, it has become necessary to gather the most recent advances on a regular basis. This book is a continuation of the first volume - published in 1997 - but contains interesting developments. A major point is that mathematics has become more and more involved in the definition and use of fractal models. It seems that the time of the qualitative observation of fractal phenomena has gone. Now the main models are strongly based upon theoretical arguments. Fractals: Theory and Applications in Engineering is a multidisciplinary book which should interest every scientist working in areas connected to fractals.

Random Geometrically Graph Directed Self Similar Multifractals

Author: Lars Olsen
Publisher: CRC Press
ISBN: 9780582253810
Format: PDF, Kindle
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Multifractal theory was introduced by theoretical physicists in 1986. Since then, multifractals have increasingly been studied by mathematicians. This new work presents the latest research on random results on random multifractals and the physical thermodynamical interpretation of these results. As the amount of work in this area increases, Lars Olsen presents a unifying approach to current multifractal theory. Featuring high quality, original research material, this important new book fills a gap in the current literature available, providing a rigorous mathematical treatment of multifractal measures.

Fractal Geometry and Applications Multifractals probability and statistical mechanics applications

Author: Benoit B. Mandelbrot
Publisher: American Mathematical Soc.
ISBN: 9780821836385
Format: PDF, ePub, Docs
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This volume offers an excellent selection of cutting-edge articles about fractal geometry, covering the great breadth of mathematics and related areas touched by this subject. Included are rich survey articles and fine expository papers. The high-quality contributions to the volume by well-known researchers--including two articles by Mandelbrot--provide a solid cross-section of recent research representing the richness and variety of contemporary advances in and around fractal geometry. In demonstrating the vitality and diversity of the field, this book will motivate further investigation into the many open problems and inspire future research directions. It is suitable for graduate students and researchers interested in fractal geometry and its applications. This is a two-part volume. Part 1 covers analysis, number theory, and dynamical systems; Part 2, multifractals, probability and statistical mechanics, and applications.

Fractal Geometry

Author: Kenneth Falconer
Publisher: John Wiley & Sons
ISBN: 111876286X
Format: PDF, ePub
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The seminal text on fractal geometry for students and researchers: extensively revised and updated with new material, notes and references that reflect recent directions. Interest in fractal geometry continues to grow rapidly, both as a subject that is fascinating in its own right and as a concept that is central to many areas of mathematics, science and scientific research. Since its initial publication in 1990 Fractal Geometry: Mathematical Foundations and Applications has become a seminal text on the mathematics of fractals. The book introduces and develops the general theory and applications of fractals in a way that is accessible to students and researchers from a wide range of disciplines. Fractal Geometry: Mathematical Foundations and Applications is an excellent course book for undergraduate and graduate students studying fractal geometry, with suggestions for material appropriate for a first course indicated. The book also provides an invaluable foundation and reference for researchers who encounter fractals not only in mathematics but also in other areas across physics, engineering and the applied sciences. Provides a comprehensive and accessible introduction to the mathematical theory and applications of fractals Carefully explains each topic using illustrative examples and diagrams Includes the necessary mathematical background material, along with notes and references to enable the reader to pursue individual topics Features a wide range of exercises, enabling readers to consolidate their understanding Supported by a website with solutions to exercises and additional material http://www.wileyeurope.com/fractal Leads onto the more advanced sequel Techniques in Fractal Geometry (also by Kenneth Falconer and available from Wiley)