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Traditional workload analysis uses discrete times measured by data accesses. An example is the classic independent reference model (IRM). Effective solutions have been developed to model workloads with stochastic access patterns, but they incur a high cost for Zipfian workloads, which may contain millions of items each accessed with a different frequency. This paper first presents a continuous-time model of locality for workloads with stochastic access patterns. It shows that two previous techniques by Dan and Towsley and by Denning and Schwartz can be interpreted as a single model using different discrete times. Using continuous time, it derives a closed-form solution for an item and a general solution that is a differentiable function. In addition, the paper presents an approximation technique by grouping items into partitions. When evaluated using Zipfian workloads, it shows that a workload with millions of items can be approximated using a small number of partitions, and the continuous-time model has greater accuracy and is faster to compute numerically. For the largest data size verifiable using trace generation and simulation, the new techniques reduce the time of locality analysis by 6 orders of magnitude.