Topic: Markov Process
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What is Markov process?
( ′mär′köf prä·səs ) (mathematics) A stochastic process which assumes that in a series of random events the probability of an occurrence of each event depends only on the immediately preceding outcome. Read More »
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What is Markov-process model?
Model of brand loyalty that mathematically forecasts future market share based on current rates of purchase and repurchase. For example, upon establishing that the first 100 consumers to purchase a new product show a 70% rate of repurchase ... Read More »
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What is semi-Markov process?
A renewal process in which the random variable X can take one of N states. When it is in state j it stays there for a random length of time, with mean μj, and then moves to state k with probability pjk. Read More »
Source: http://www.answers.com/topic/semi-markov-process
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Markov Process
(n.) Process in which future values of a random variable are statistically determined by present events and dependent only on the event immediately preceding
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markov process: a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state
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Source: http://www.kgbanswers.com/what-is-the-meaning-of-markov-process/1...
Markoff process; Markov process
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Source: http://www.audioenglish.net/dictionary/markov_process.htm
markov process: a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state
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Source: http://www.kgbanswers.com/whats-the-definition-of-markov-process/...
1. a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state
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Source: http://www.audioenglish.net/dictionary/markov_process.htm
You haven't really given us enough information. In a Markov process, there are finitely many possible states, and for each state there's a (conditional on being in that state) probability of changing into one of the other states.
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Source: http://answers.yahoo.com/question/index?qid=20070218233445AAThNPI
A Markov process, named after the Russian mathematician Andrey Markov, is a mathematical model for the random evolution of a memory less system, that is, one for which the likelihood of a given future state, at any given moment, depends onl...
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Source: http://answers.yahoo.com/question/index?qid=20081130082554AANnoTt
