A REVIEW OF THE ESTIMATION OF TRANSITION PROBABILITIES IN MARKOV CHAINS

Warren Thomas Dent and Richard Ballintine

Australian Journal of Agricultural Economics, 1971, vol. 15, issue 2, 13

Abstract: A chronological review of the development of estimation procedures for unknown constant Markovian transition probabilities is presented with emphasis on applications involving the availability of macrodata, as opposed to microdata. Monte Carlo results comparing various estimation methods are analysed and several suggestions for estimating non-stationary probabilities are made.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 1971
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22286

DOI: 10.22004/ag.econ.22286

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