“…Like the former, the latter problem may also be difficult since linear models are inappropriate, whereas the multitude of nonlinear models is overwhelming. As way to handle the problem, one might consider physically sound low-order models that possess fundamental properties of fluid dynamical equations (in the spirit of Lorenz, 1963, 1982and Obukhov, 1973, see also Gluhovsky, 2006), thereby infusing more physics into time series analysis. From the perspective of complexity theory, the development of appropriate statistical methods for atmospheric and climate data analysis should be based on time series spawned by the underlying dynamics rather than on traditional time series models (cf., Nicolis and Nicolis, 2007).…”