We present results of statistical analysis of solar wind turbulence using an approach based on the theory of Markov processes. It is shown that the Chapman-Kolmogorov equation is approximately satisfied for the turbulent cascade. We evaluate the first two Kramers-Moyal coefficients from experimental data and show that the solution of the resulting Fokker-Planck equation agrees well with experimental probability distributions. Our results suggest the presence of a local transfer mechanism for magnetic field fluctuations in solar wind turbulence.
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