“…Various authors investigating return periods of droughts have found different levels of persistence in precipitation as well as in streamflow data. The identified order of Markov chain depended on the applied thresholds to distinguish between wet and dry conditions, the analysed time interval and the type of the indicator (Chin 1977, Roldan and Woolhiser 1982, Şen 1990, Fernández and Salas 1999, Cancelliere and Salas 2004, Bayazit and Önöz 2005, Schoof and Pryor 2008, Sharma and Panu 2008, Akyuz et al 2012. Time series of SPI-SRI indicator for the 1966-2006 period were analysed as a discrete-state, discrete-time variable with five possible states S = {0,1,2,3,4}.…”