The solar dynamo is essentially a cyclic process in which the toroidal component of the magnetic field is converted into the poloidal one and vice versa. This cyclic loop is disturbed by some nonlinear and stochastic processes mainly operating in the toroidal to poloidal part. Hence, the memory of the polar field decreases in every cycle. On the other hand, the dynamo efficiency and, thus, the supercriticality of the dynamo decreases with the Sun’s age. Previous studies have shown that the memory of the polar magnetic field decreases with the increase of supercriticality of the dynamo. In this study, we employ popular techniques of time series analysis, namely, compute Higuchi’s fractal dimension, Hurst exponent, and Multi-Fractal Detrended Fluctuation Analysis to the amplitude of the solar magnetic cycle obtained from dynamo models operating at near-critical and supercritical regimes. We show that the magnetic field in the near-critical regime is governed by strong memory, less stochasticity, intermittency, and breakdown of self-similarity. On the contrary, the magnetic field in the supercritical region has less memory, strong stochasticity, and shows a good amount of self-similarity. Finally, applying the same time series analysis techniques in the reconstructed sunspot data of 85 cycles and comparing their results with that from models, we conclude that the solar dynamo is possibly operating near the critical regime and not too much supercritical regime. Thus the Sun may not be too far from the critical dynamo transition.
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