“…In fact, the WT works as a “mathematical microscope” on a specific part of a signal to extract local structures and singularities (Mallat, 1999; Daubechies, 1992). This makes the WT ideal tool for handling non-stationary and transient signals, as well as for fractal-type structures (Eke et al , 2002), whereas periodic and quasiperiodic trajectories have no significant difference between the windowed (short-time) Fourier (used for chaos detection in Rubežić et al , (2006; Djurović and Rubežić, 2007; Djurović and Rubežić, 2008) and the WT. As the WT is a time-scale representation, it is quite natural to attempt to connect it to the scaling exponent estimation or other tools for scale analysis which are required for the detection of chaos in the oscillating systems.…”