Higher-order multivariate Markov chains and their applications (Q2465317)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Higher-order multivariate Markov chains and their applications |
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Higher-order multivariate Markov chains and their applications (English)
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3 January 2008
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High order multivariate Markov chains are frequently used in modelling, especially for the catagorical data sequences. To reduce the number of the estimated parameters, in some stationary cases, the authors provide a conditional minimum-maximum algorithm associated with the frequency estimation to identify the modelling parameters to meet the practical use. An application to sales demand prediction is discussed.
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Perron-Frobenius theorem
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multivariate Markov chains
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categorical data sequences
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conditional minimum-maximum
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sales demand prediction
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