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Utility of Markov Chains

Utility of Markov Chains

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Published by mrmnsh

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Categories:Types, Research
Published by: mrmnsh on Aug 08, 2010
Copyright:Attribution Non-commercial

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09/03/2010

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Utility Of MarkovChainUtility Of MarkovChain
 Presented By :-Divya Mittal
 
ContentsContents
Stochastic ProcessTypes of Stochastic ProcessMarkov ProcessMarkov ChainApplications of Markov Chain in differentfieldsMarkov Chain applied on a TennisProblemConclusionReferences
Contents
 
Stochastic Process:-An IntroductionStochastic Process:-An Introduction
Types
Markovchain
 Applications
TennisProblem
 
StochasticProcess
This process is dynamic that is any random phenomenonwhich is a function of time, changing over time isStochastic Process (which revolve over time).A collection or a family of random variable which is afunction of parameter ³t´ which takes in a set T(say)of real number. Here ³T´ is called Index Set and ³t´ is time.NotationIndex set may be dicrete or continuous.The set of all possible values of X(t) is called its statespace. Space is also a set it may be discrete or continuous.
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