I purchased this book because I am interested in applying wavelet to financial time series. The authors have written a paper in using wavelets and noise analysis to filter these time series, so I thought that this book had promise. And in fact chapter 2 deals with noise modeling and noise filtering.
The only problem is that I found this material impossible to follow. Despite the claims that the book is aimed at applications, there are few real examples. In the case of noise modeling and noise filtering there are none. It was impossible for me to tell whether the techniques they seem to suggest work or how they can be applied.
I've become fairly expert on Haar wavelets. Even so I can read their explaination of the Haar wavelet transform only with difficulty.
The authors give the impression that they are academics writing for academics (at the post graduate level). The book provides equations as quick short hand for ideas and the reader is expected to fill in the blanks. Perhaps a post graduate background in math is needed. However I would not say that the publishers description properly reflects the contents of this book: "[the book] develops the reader's undersanding of each technique and then shows with practical examples how they can be applied to improve the skills of [...] electrical engineers." Real world applications are mentioned, but never fully explained.
All in all I found this book an expensive disappointment.