Markoff process

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Noun

Markoff process - a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state

Markov process

Markoff chain, Markov chain - a Markov process for which the parameter is discrete time values

stochastic process - a statistical process involving a number of random variables depending on a variable parameter (which is usually time)

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A system which produces a sequence of symbols (which may, of course, be letters or musical notes, say, rather than words) according to certain probabilities is called a stochastic process, and the special case of a stochastic process in which the probabilities depend on the previous events, is called a Markoff process or a Markoff chain.

RECENT CONTRIBUTIONS TO THE MATHEMATICAL THEORY OF COMMUNICATION

Thus its parameters depicted tail dependent variable structure according to the changes of Markoff conversion model with the time, and the serial variance subject to SWARCH model of Markoff process was introduced to determine the marginal distribution (Juan, 2007).

Theoretical frontier and applied innovation of financial risk contagion effect measurement based on copula method

where a, b, c, and d are the convergence probabilities of the Markoff process of the game at state (1,1), state (1,2), state (2,1), and state (2,2) at equilibrium state [26], respectively.