Local time (mathematics)

In mathematics, particularly in the field of topology and analysis, "local time" refers to a concept that describes the time evolution of a stochastic process, especially in the context of Brownian motion and other random processes. Local time helps to quantify how often a process visits a particular state or value over time. For instance, in the context of Brownian motion, local time can be viewed as a way to record the "amount of time" the Brownian motion spends at a particular level.