Markov Chains : The Strange Math That Predicts Almost Anything

Discover how Markov chains predict real systems, from Ulam and von Neumann’s Monte Carlo to PageRank, so you can grasp ...
Nature

High-Order Markov Chain Models and Applications

High-order Markov chain models extend the conventional framework by incorporating dependencies that span several previous states rather than solely the immediate past. This extension allows for a ...
JSTOR Daily

On Transient Markov Chains with Application to the Uniqueness Problem for Markov Processes

We focus our attention herein on a Markov chain $x_0, x_1, \cdots$ with a countable number of states indexed by a subset I of the integers and with stationary ...
Harvard Business School

Data Uncertainty in Markov Chains: Application to Cost-Effectiveness Analyses of Medical Innovations

Goh, Joel, Mohsen Bayati, Stefanos A. Zenios, Sundeep Singh, and David Moore. "Data Uncertainty in Markov Chains: Application to Cost-Effectiveness Analyses of Medical Innovations." Operations ...