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Fractional Gaussian noise: Prior specification and model comparison

Fractional Gaussian noise: Prior specification and model comparison

Fractional Gaussian noise (fGn) is a stationary stochastic process used to model antipersistent or persistent dependency structures in observed time series. Properties of the autocovariance function of fGn are characterised by the Hurst exponent ( H ), which, in Bayesian contexts, typically has been assigned a uniform prior on the …