A new improved parsimonious multivariate Markov chain model

DOI10.1155/2013/902972MaRDI QIDQ2375712zbMATH OpenOpenAlexDBLPWikidataFDO

Authors Chao Wang, Ting-Zhu Huang

Publication date 14 June 2013

Published in Journal of Applied Mathematics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2013/902972

zbMATH Keywords

parsimonious multivariate Markov chain modelprediction accuracy

Mathematics Subject Classification ID

Markov chains (discrete-time Markov processes on discrete state spaces) (60J10)

Review text

Summary: We present a new improved parsimonious multivariate Markov chain model. Moreover, we find a new convergence condition with a new variability to improve the prediction accuracy and minimize the scale of the convergence condition. Numerical experiments illustrate that the new improved parsimonious multivariate Markov chain model with the new convergence condition of the new variability performs better than the improved parsimonious multivariate Markov chain model in prediction.

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Cites work

• A concept of nonlinear block diagonal dominance
• A multivariate Markov chain model for categorical data sequences and its applications in demand predictions
• Higher-order Markov chain models for categorical data sequences
• Higher-order multivariate Markov chains and their applications
• Markov chains: models, algorithms and applications
• Matrix Analysis
• On a multivariate Markov chain model for credit risk measurement

Cited in

(3)

• A new multivariate Markov chain model for adding a new categorical data sequence
• A gradual facilitate high-order multivariate Markov chains model with application to the changes of exchange rates in Egypt: new approach
• A novel high-order multivariate Markov model for spatiotemporal analysis with application to COVID-19 outbreak

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