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  2. Markov property - Wikipedia

    en.wikipedia.org/wiki/Markov_property

    The term strong Markov property is similar to the Markov property, except that the meaning of "present" is defined in terms of a random variable known as a stopping time. The term Markov assumption is used to describe a model where the Markov property is assumed to hold, such as a hidden Markov model .

  3. Memorylessness - Wikipedia

    en.wikipedia.org/wiki/Memorylessness

    The memorylessness property asserts that the number of previously failed trials has no effect on the number of future trials needed for a success. Geometric random variables can also be defined as taking values in N 0 {\displaystyle \mathbb {N} _{0}} , which describes the number of failed trials before the first success in a sequence of ...

  4. Markovian arrival process - Wikipedia

    en.wikipedia.org/wiki/Markovian_arrival_process

    In queueing theory, a discipline within the mathematical theory of probability, a Markovian arrival process (MAP or MArP [1]) is a mathematical model for the time between job arrivals to a system. The simplest such process is a Poisson process where the time between each arrival is exponentially distributed. [2] [3]

  5. Markov chain - Wikipedia

    en.wikipedia.org/wiki/Markov_chain

    It is called recurrent (or persistent) otherwise. [48] For a recurrent state i, the mean hitting time is defined as: = [] = = (). State i is positive recurrent if is finite and null recurrent otherwise. Periodicity, transience, recurrence and positive and null recurrence are class properties — that is, if one state has the property then all ...

  6. Continuous-time Markov chain - Wikipedia

    en.wikipedia.org/wiki/Continuous-time_Markov_chain

    A continuous-time Markov chain (CTMC) is a continuous stochastic process in which, for each state, the process will change state according to an exponential random variable and then move to a different state as specified by the probabilities of a stochastic matrix.

  7. Residual time - Wikipedia

    en.wikipedia.org/wiki/Residual_time

    This is a known characteristic of the exponential distribution, i.e., its memoryless property. Intuitively, this means that it does not matter how long it has been since the last renewal epoch, the remaining time is still probabilistically the same as in the beginning of the holding time interval.

  8. Kendall's notation - Wikipedia

    en.wikipedia.org/wiki/Kendall's_notation

    A M/M/1 queue means that the time between arrivals is Markovian (M), i.e. the inter-arrival time follows an exponential distribution of parameter λ. The second M means that the service time is Markovian: it follows an exponential distribution of parameter μ. The last parameter is the number of service channel which one (1).

  9. Renewal theory - Wikipedia

    en.wikipedia.org/wiki/Renewal_theory

    For example, if the renewal process is modelling the numbers of breakdown of different machines, then the holding time represents the time between one machine breaking down before another one does. The Poisson process is the unique renewal process with the Markov property , [ 1 ] as the exponential distribution is the unique continuous random ...