“…Relation to the Existing Literature. Our work topically falls into fluctuations of stochastic processes, which is a widely referred to area of random walk, renewal processes, random measures, recurrent processes, Markov processes, and semi-Markov processes, to name a few [7-9, 26, 33, 36] and their applications to astronomy and biology [24], queueing [4,10,11], stochastic games [14], finance and economics [12,13,16,20,27,30,31,38], physics [24,32], and earthquakes [33]. The main focus of our work is on time sensitive fluctuations, meaning that at least some of the component processes are with continuous time parameter.…”