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  2. Absorbing Markov chain - Wikipedia

    en.wikipedia.org/wiki/Absorbing_Markov_chain

    A basic property about an absorbing Markov chain is the expected number of visits to a transient state j starting from a transient state i (before being absorbed). This can be established to be given by the (i, j) entry of so-called fundamental matrix N, obtained by summing Q k for all k (from 0 to ∞).

  3. Examples of Markov chains - Wikipedia

    en.wikipedia.org/wiki/Examples_of_Markov_chains

    A game of snakes and ladders or any other game whose moves are determined entirely by dice is a Markov chain, indeed, an absorbing Markov chain. This is in contrast to card games such as blackjack, where the cards represent a 'memory' of the past moves. To see the difference, consider the probability for a certain event in the game.

  4. Markov chain - Wikipedia

    en.wikipedia.org/wiki/Markov_chain

    A Markov chain is a type of Markov process that has either a discrete state space or a discrete index set (often representing time), but the precise definition of a Markov chain varies. [6] For example, it is common to define a Markov chain as a Markov process in either discrete or continuous time with a countable state space (thus regardless ...

  5. Fundamental matrix - Wikipedia

    en.wikipedia.org/wiki/Fundamental_matrix

    Fundamental matrix (absorbing Markov chain) This page was last edited on 27 February 2022, at 15:25 (UTC). Text is available under the Creative Commons Attribution ...

  6. Discrete phase-type distribution - Wikipedia

    en.wikipedia.org/wiki/Discrete_phase-type...

    The distribution can be represented by a random variable describing the time until absorption of an absorbing Markov chain with one absorbing state. Each of the states of the Markov chain represents one of the phases. It has continuous time equivalent in the phase-type distribution.

  7. Category:Markov processes - Wikipedia

    en.wikipedia.org/wiki/Category:Markov_processes

    This category is for articles about the theory of Markov chains and processes, and associated processes. See Category:Markov models for models for specific applications that make use of Markov processes.

  8. Why OPEC's grip on oil markets will continue to weaken in 2025

    www.aol.com/why-opecs-grip-oil-markets-193512699...

    The IEA expects world oil demand growth to accelerate next year, with consumption rising to 1.1 million barrels per day next year — but that's not enough to absorb the oversupply.

  9. Category:Markov models - Wikipedia

    en.wikipedia.org/wiki/Category:Markov_models

    Markov chain; Markov chain central limit theorem; Markov chain geostatistics; Markov chain Monte Carlo; Markov partition; Markov property; Markov switching multifractal; Markovian discrimination; Maximum-entropy Markov model; MegaHAL; Models of DNA evolution; MRF optimization via dual decomposition; Multiple sequence alignment