“…Since wavelets are known to be a powerful tool in signal processing and numerical analysis [16,18], in this paper we shall focus on algorithms based on a system of hyperbolic wavelets. In contrast to classical isotropic wavelets, their tensor product structure is perfectly suited to resolve anisotropies which naturally arise in various applications, e.g., in physics, engineering, or medical image processing; see [34] and the references therein. On the other hand, these wavelets can be employed to characterize function spaces measuring dominating mixed smoothness [38] as well as spaces of isotropic regularity [34].…”