Markov Chains and Markov Processes

Master thesis English OPEN
Ogunbayo, Segun;
(2016)
  • Publisher: Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ)
  • Subject: Mathematics | Markov processes - Mathematics | Stochastic Process | Conditional Expectation | Markov chain | Random Walk | Birth and Death Chains

Markov chain, which was named after Andrew Markov is a mathematical system that transfers a state to another state. Many real world systems contain uncertainty. This study helps us to understand the basic idea of a Markov chain and how is been useful in our daily lives.... View more
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