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The Mittag-Leffler distribution has a tail
and a scale
parameter,
and setting tail=1
recovers the exponential distribution.
Varying tail
away from 1 (note that tail
needs to be from the interval (0,1]) has two effects:
The empirical datasets seem to prefer tail < 1
mostly because of the second effect. Repeated simulations show that the CTRM model predicts longer rests than are usually seen in the data.
Hence the strength of the CTRM model lies in the modelling on short to medium scale event rather than long time scales.
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