“…The problem of estimating regression model parameters in the presence of contaminating errors with strong correlation between observations far apart from each other is now widespread in many diverse fields, simply because natural signals very commonly exhibit long-range dependence (see examples in physics, Cassandro and Jona-Lasinio, 1978), geophysics (FoufoulaGeorgiou and Kumar, 1994;Torrence and Compo, 1998;, electronics (Voss, 1979;Ziel, 1986), econometrics Jensen, 1994), electrophysiology (Goldberger et al, 1990;Raz et al, 1999), and imaging (Mallat, 1989;Lundahl et al, 1986;Krueger et al, 1996). In particular, there is some evidence to suggest that the error structure of functional magnetic resonance imaging (fMRI) time series may be complicated by long-range dependencies or, to put it another way, may be characterized by a 1/f-like power spectrum (Zarahn et al, 1997).…”