Linear multifractional stable motion: fine path properties (Q2256075): Difference between revisions

The ``main goal'' of this paper is to ``make a comprehensive study of the local and asymptotic behavior'' of linear multifractional stable motion (LMSM), under the quite general condition that its parameter of multifractionality \(H(t)\), \(t\geq 0\), is an arbitrary deterministic continuous function with values in an arbitrary fixed compact interval \([\underline{H}, \overline{H}]\subset (1/\alpha, 1)\), where \(\alpha\) is a constant parameter belonging to the open interval \((1, 2)\) that measures the heaviness of the tail of a stable distribution. This study mainly relies on wavelet methods. The previous results concerning continuity and path behavior of LMSM are significantly improved. A conjecture of \textit{S. Stoev} and \textit{M. S. Taqqu} [Fractals 13, No. 2, 157--178 (2005; Zbl 1304.28010)] concerning the existence for LMSM of a modification (in other words, a version) with almost surely continuous paths is solved; moreover, a quasi-optimal global modulus of continuity for LMSM, and also an optimal local one are obtained. ``It is worth noticing that, even in the quite classical case of LFSM [(linear fractional stable motion)], the [latter] optimal local modulus of continuity provides a new result'' which was unknown so far.