Method and system for managing transactions burstiness and generating signature thereof in a test environment

A method for managing transactions burstiness associated with a sequence of transactions generated in a test environment for verifying a Device Under Test (DUT) is disclosed. In some embodiments, the method includes processing a plurality of signals associated with a sequence of transactions. The method further includes generating a transactions burstiness signature representative of the sequence of transactions based on processing a set of signals from the plurality of signals. The method further includes analysing the transactions burstiness signature to identify at least one pattern of interest. The method further includes iteratively providing an input comprising at least one missing pattern of interest. The method further includes iteratively generating a subsequent sequence of transactions and a subsequent transactions burstiness signature associated with the subsequent sequence of transactions.