http://nova.newcastle.edu.au/vital/access/services/Feed ${session.getAttribute("locale")} 5 http://nova.newcastle.edu.au/vital/access/manager/Repository/uon:851 Several models have emerged for describing 1/fγ noise processes. Based on these, various techniques for estimating the properties of such processes have been developed. This paper provides theoretical analysis of a new wavelet-based approach which has the advantages of having low computational complexity and being able to handle the case where the 1/fγ noise might be embedded in a further white-noise process. However, the analysis conducted here shows that these advantages are balanced by the fact that the wavelet-based scheme is only consistent for spectral exponents γ in the range γ∈(0, 1). This is in contradiction to the results suggested in previous empirical studies. When γ∈(0, 1) this paper also establishes that wavelet-based maximum-likelihood methods are asymptotically Gaussian and efficient. Finally, the asymptotic rate of mean-square convergence of the parameter estimates is established and is shown to slow as γ approaches one. Combined with a survey of non-wavelet-based methods, these new results give a perspective on the various tradeoffs to be considered when modeling and estimating 1/fγ noise processes. 2010-04-27T06:22:05.733Z ]]>