Markov Chain
Louis Cranier
No cwbfx, OSF Preprints from Center for Open Science
Abstract:
A Markov chain or Markov process is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event.
Date: 2022-07-16
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:cwbfx
DOI: 10.31219/osf.io/cwbfx
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