Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

Flexible stationary diffusion-type models are developed that can fit both the marginal distribution and the correlation structure found in many time series from, for example, finance and turbulence.

This is a preview. Log in through your library . Abstract Let E be an event governed by a homogeneous second-order two-state Markov chain. Assume the steady state has been achieved. Consider Nm the ...