A class of multifractal processes constructed using an embedded branching process (Q1931321)

A class of multifractal processes, called multifractal embedded branching processes (MEBPs), is considered. MEBPs are defined using the crossing tree, an ad-hoc space-time description of the process, and are such that the special component of their crossing tree is a Galton-Watson branching process. For a suitable branching process, there is a family of processes for which the spatial component of the crossing tree coincides with the branching process. The authors identify one of these as the canonical embedded branching process, and then construct MEBPs from it using a multifractal time change. An efficient on-line algorithm for simulating MEBPs is provided.