What is a Markov process?
The definition of Markov process.
Answer to Problem 1FCCE
Solution:
Markov process is a process in which a system makes transitions from a set of states to another, with specified probabilities.
Explanation of Solution
A Markov process is a random process in which the future doesn’t dependent of the past, for a given present.
Thus, Markov processes are the natural stochastic analogs of the deterministic processes described by differential and difference equations. They form one of the most important classes of random processes.
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