Markov switching multifractal
= Markov switching multifractal
{wiki=Markov_switching_multifractal}
Markov Switching Multifractal (MSM) models are a class of statistical models used to describe and analyze time series data that exhibit complex, non-linear, and multifractal characteristics. These types of models are particularly useful in finance, economics, and other fields where data can demonstrate variability in volatility over time due to underlying structural changes.