Ivanov, Plamen Ch.; Podobnik, Boris; Lee, Youngki; … - In: Physica A: Statistical Mechanics and its Applications 299 (2001) 1, pp. 154-160
We develop a scale-invariant truncated Lévy (STL) process to describe physical systems characterized by correlated stochastic variables. The STL process exhibits Lévy stability for the probability density, and hence shows scaling properties (as observed in empirical data); it has the advantage...