Fractional Brownian motion (fBm) is a generalization of standard Brownian motion that incorporates the concept of self-similarity and long-range dependence. Unlike standard Brownian motion, which has independent increments, fBm exhibits dependent increments, making it useful for modeling various phenomena in fields like finance, telecommunications, and hydrology where processes have memory. This property allows for better representation of real-world processes that show persistence or anti-persistence over time.
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