Topics: Types of Stochastic Processes
(definition)
A Markov chain is a chain that satisfies the Markov property.
In Markov chains, the study of transition probabilities is of special interest.
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Topics: Types of Stochastic Processes
(definition)
A Markov chain is a chain that satisfies the Markov property.
In Markov chains, the study of transition probabilities is of special interest.