Generating fractal functions associated with Suzuki iterated function systems
Mridul Patel, G. Verma, A. Eberhard, A. Rao
TL;DR
The paper addresses constructing fractal interpolation functions by leveraging Suzuki-type generalized $\varphi$-contraction mappings (STGPC) to define $\alpha$-fractal functions within an iterated function system (IFS). It develops the $\alpha$-FIF framework with a base function $b=Lg$ and a fractal operator $\mathcal{G}^\alpha$, proving existence and uniqueness of a fixed point and providing an error bound $\|g^\alpha-g\|_\infty \le \frac{\|\alpha\|_\infty}{1-\|\alpha\|_\infty}\|g-b\|_\infty$. A case study on spinach price volatility in the Azadpur market demonstrates how varying the scaling vector $\alpha$ yields graphs of different fractal complexity and box-dimension values via Theorem 5. The work offers a general, non-Banach approach to modeling irregular, self-similar data with potential applications in finance forecasting and time-series analysis.
Abstract
This article constructs a fractal interpolation function, also referred to as $α$-fractal function, using Suzuki-type generalized $\varphi$-contraction mappings (STGPC). The STGPC is a generalization of $\varphi$-contraction mappings. The process of constructing $α$-fractal functions using the STGPC is detailed, and examples of STGPC are given. The FIF has broad applications in data analysis, finance and price prediction. We have included a case study analyzing the price volatility of spinach in the Azadpur vegetable market in New Delhi. The fractal analysis gives a unique perspective on understanding price fluctuations over a period. Finally, the box-dimensional analysis is presented to comprehend the complexity of price fluctuations.
