6 results for “transition probabilities”

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Research ArticleOpen accessPhrase in the titleComputational Discrete Time Markov Chain with Correlated Transition ProbabilitiesPeerayuth CharnsethikulThis study presents a computational procedure for analyzing statistics of steady state probabilities in a discrete time Markov chain with correlations among their transition probabilities. The proposed model simply uses the first order Taylor’s series expansion and statistical expected value properties to obtain the resulting linear matrix equations system. Computationally, the bottleneck is O(n4) but can be improved by distributed … …Journal of Mathematics and Statistics, Vol. 2, Issue 4 · 31 Dec 2007 · 6,648 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsA Markov Switching Regime Model of Malaysia Property CycleAbdul Mutalib Beksin, Bawa Chafe AbdullahiProblem statement: Non-linear models such as the Markov Switching regime (MS) method of modeling business cycles, in principle can be used to model property cycle. Approach: The MS model can distinguish property cycle in recession and expansion phases and is sufficiently flexible to allow different relationships to apply over these phases. The Malaysian property cycle was modeled using a MS … …American Journal of Applied Sciences, Vol. 8, Issue 11 · 10 Oct 2011 · 6,923 accessesView PDF Cite

Research ArticleOpen accessIn the abstractUSING COLUMN GENERATION TECHNIQUE TO ESTIMATE PROBABILITY STATISTICS IN TRANSITION MATRIX OF LARGE SCALE MARKOV CHAIN WITH LEAST ABSOLUTE DEVIATION CRITERIAWanida Lerspipatthananon, Peerayuth CharnsethikulThe Least Absolute Deviation (LAD) method is the one of many methods used to estimate transition probability matrix of Markov Chain. It can be formulated as a Linear Programming Problem (LP) and solved using its regular state of the art software. However, when the Markov Chain has a large number of states and historical state probabilities data, the corresponding LP … …Journal of Mathematics and Statistics, Vol. 10, Issue 3 · 23 Sep 2014 · 7,116 accessesView PDF Cite

Research ArticleOpen accessIn the abstractEstablishing an Adaptive Production-Procurement System with Markov Chain Approach Associated with 3C TheoryChun-Ta LinProblem statement: In this study, we classify the imperfect situations that the unreliability of production and the defective products might be incurred from production process into eight independently recurrent categories. Approach: With the property of recurrence of Markov chain, the limiting probability of each imperfect production category can be calculated through the transition probabilities matrix generated from these imperfect production … …Journal of Mathematics and Statistics, Vol. 7, Issue 3 · 18 Jul 2011 · 7,352 accessesView PDF Cite

Research ArticleOpen accessIn the abstractApplication of Markov Chains to Stock TrendsKevin J. Doubleday, Julius N. EsungeProblem statement: Modeling of the Dow Jones Industrial Average is frequently attempted in order to determine trading strategies with maximum payoff. Changes in the DJIA are important since movements may affect both individuals and corporations profoundly. Previous work showed that modeling a market as a random walk was valid and that a market may be viewed as having the Markov … …Journal of Mathematics and Statistics, Vol. 7, Issue 2 · 18 May 2011 · 8,558 accessesView PDF Cite

Research ArticleOpen accessAll words, across the recordUsing Both a Probabilistic Evolutionary Graph and the Evidence Theory for Color Scene AnalysisNassim Ammour, Abderrezak Guessoum, Daoud BerkaniIn this research, we introduce a new color images segmentation algorithm. The color scene analytic method is based on the progress of a probabilistic evolutionary graph. The strategy consists in making grow an evolutionary graph, which presents the scene elements in an unsupervised segmented image. The graph evolution development is based on the computation of the belonging probabilities to the … …American Journal of Applied Sciences, Vol. 5, Issue 12 · 31 Dec 2008 · 7,013 accessesView PDF Cite