“…However, these methods have slow convergence i.e., they need large length spike trains for estimation, with out identifying the fact that the neuronal information changes in short time windows [7]. In this backdrop, we propose a fast yet accurate empirical method to estimate the mutual information rate by exploiting memory structures in calcium 1 Indian Institute of Technology Hyderabad, Telangana, India 2 The University of Toledo, Ohio, USA spike trains [8], [9]. Our method has shown superiority over existing LZ algorithms with example Markov processes and with heterogeneous calcium responses, recorded from hippocampal region of the brain, where memory and learning tasks performed.…”