
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Consider the following stochastic system. Let Xn be the price of a certain stock (rounded to the nearest cent) at the time that the stock market closes on the n-th day starting today.
Would it be appropriate to model this system as a Discrete-time Markov Chain?
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