Abstract
The mathematical properties of the new analytic running coupling (NARC) in QCD are investigated. This running coupling naturally arises under "analytization" of the renormalization group equation. One of the crucial points in our consideration is the relation established between the NARC and its inverse function. The latter is expressed in terms of the so-called Lambert W function. This relation enables one to present explicitly the NARC in the renorminvariant form and to derive the corresponding β function. The asymptotic behavior of this β function is examined. The consistent estimation of the parameter Λ QCD is given.
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