Just two moments! A cautionary note against use of high-order moments in multifractal models in hydrology

@inproceedings{Lombardo2013JustTM,
  title={Just two moments! A cautionary note against use of high-order moments in multifractal models in hydrology},
  author={Federico Lombardo and Elena Volpi and Demetris Koutsoyiannis and Sm Papalexiou},
  year={2013}
}
The need of understanding and modelling the space-time variability of natural processes in hydrological sciences produced a large body of literature over the last thirty years. In this context, a multifractal framework pro- vides parsimonious models which can be applied to a wide- scale range of hydrological processes, and are based on the empirical detection of some patterns in observational data, i.e. a scale invariant mechanism repeating scale after scale. Hence, multifractal analyses… CONTINUE READING

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