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Implied exponential relaxation time scales of parameterized (a) continuous-time Markov process model and (b) discrete-time Markov model as a function of lag time. The relaxation time scales computed by the two algorithms coincide almost exactly (r2 = 0.999 978). (c) The number of free (non-zero) parameters estimated by the discrete-time and continuous-time models, respectively; the continuous-time Markov model achieves a more parsimonious representation of the data.
