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Ordinal Random Processes
1Institute of Mathematics, University of Greifswald, 17487 Greifswald, Germany.
Abstract:
Ordinal patterns have proven to be a valuable tool in many fields. Here, we address the need for theoretical models. A paradigmatic example shows that a model for frequencies of ordinal patterns can be determined without any numerical values. We specify the important concept of stationary order and the fundamental problems to be solved in order to establish a genuine statistical methodology for ordinal time series.
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