Abstract
Since its introduction in the year 1998 by Watts and Strogatz, the clustering coefficient has become a frequently used tool for analyzing graphs.
In 2002 the transitivity was proposed by Newman, Watts and Strogatz as
an alternative to the clustering coefficient. As many networks considered
in complex systems are huge, the efficient computation of such network parameters is crucial. Several algorithms with polynomial running time can
be derived from results known in graph theory. The main contribution of
this work is a new fast approximation algorithm for the weighted clustering coefficient which also gives very efficient approximation algorithms for
the clustering coefficient and the transitivity. We namely present an algorithm with running time in O(1) for the clustering coefficient, respectively
with running time in O(n) for the transitivity. By an experimental study
we demonstrate the performance of the proposed algorithms on real-world
data as well as on generated graphs. Moreover we give a simple graph generator algorithm that works according to the preferential attachment rule
but also generates graphs with adjustable clustering coefficient.
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