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AMS 309 Lecture 3: Markov Chains
| Institution | MURANG'A UNIVERSITY |
| Course | AMS 309: STOCHASTIC... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Liz Ochola |
| File Type | |
| Pages | 12 Pages |
| File Size | 503.64 KB |
| Views | 2113 |
| Downloads | 2 |
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Description
We consider a special case where the outcome of any trial depends on the outcome of the directly preceding trial, and only on it. A stochastic process with this property is referred to as a Markov Chain (or a Markov process).
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