In this paper we present a new measure to investigate the functional structure of financial markets, the Sector Dominance Ratio (SDR). We study the information embedded in raw and partial correlations using random matrix theory (RMT) and examine the evolution of economic sectoral makeup on a...

The dynamics of biological populations often appear quite complex, exhibiting considerable year-to-year variation in local abundances. One approach to dealing with ecological complexity is to reduce the system to one or a few species, for which meaningful equations can be written and even...

When common factors strongly influence two power-law cross-correlated time series recorded in complex natural or social systems, using classic detrended cross-correlation analysis (DCCA) without considering these common factors will bias the results. We use detrended partial cross-correlation...