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Fractional Brownian Motion

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A biased random walk. Unlike Standard Brownian Motion, the odds are biased in one direction or the other. It is like playing with loaded dice.

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For his dissertation, "Evidence of the MultiFractal Market Hypothesis Using Wavelet Transforms," he developed and tested a multifractal model in which equity and bond markets are comprised of subintervals of fractional Brownian motion (FBM) processes.

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