I am studying a system for which I observe a power-law decay in the correlation function: $\left\langle s\!\left(0\right)\cdot s\!\left(r\right) \right\rangle \propto r^{-\alpha}$
I am interested in computing the correlation length ($\xi$) for this system, but I don't know how. Typically one assumes $\left\langle s\!\left(0\right)\cdot s\!\left(r\right) \right\rangle \propto \exp(-r/\xi)$ and then it is straightforward to extract $\xi$ as the negative of the slope of a plot of $\log(\left\langle s\!\left(0\right)\cdot s\!\left(r\right) \right\rangle)$ vs. $r$. However, in my system, such a plot is nonlinear, but I find that $\log(\left\langle s\!\left(0\right)\cdot s\!\left(r\right) \right\rangle)$ vs. $\log(r)$ is linear. For different states of the system the exponent $\alpha$ of the power-law decay ranges from about $0.29$ to about $0.69$.
1. How can I compute the correlation length in such a system?
And...
2. What does this power-law decay in the correlation function mean?