摘要：This paper presents a modification (and partly a generalization) of STOPBREAK pro cess, which is the sto chastic mo del of time series with permanent, emphatic .uc- tuations. The threshold regime of the process is obtained by using, so called, Noise indicator. We proceed to investigate the model which we named the General Split- BREAK (GSB) pro cess. After brief recalling of its basic stochastic prop erties, we give some pro cedures of its parameters estimation. A Monte Carlo study of this process is also give, along with the application in the analysis of sto ck prices dynamics of several Serbian companies which were traded on Belgrade Stock Exchange.
