A Markov chain is a stochastic model used to describe the evolution of a system over time. An example of a Markov chain could be the following: Suppose we want to model the weather in a city. We could ...

Software engineer Sai Bhargav Yalamanchi notes that mathematical tools helping practitioners interpret uncertainty have ...

A Markov Chain is a sequence of random values whose probabilities at a time interval depends upon the value of the number at the previous time. A Markov Chain is a sequence of random values whose ...

This repository contains the code to create a Shiny App to demonstrate how Markov Models are constructed and how to run simple models. Markov models are used widely in health economics and ...

Abstract: Satellite on-board switching offers the possibility of covering a wide area with increased total capacity. In order to show a mechanism for reducing a highly dimensional complex Markov chain ...