Markov Chains : The Strange Math That Predicts Almost Anything

Discover how Markov chains predict real systems, from Ulam and von Neumann’s Monte Carlo to PageRank, so you can grasp ...
Nature

Markov Chains and Hidden Markov Models

Markov chains provide a fundamental framework for modelling stochastic processes, where the next state depends solely on the current state. Hidden Markov models (HMMs) extend this framework by ...
Nature

Finite Mixture Models and Hidden Markov Models

Finite mixture models and hidden Markov models (HMMs) occupy central roles in modern statistical inference and data analysis. Finite mixture models assume that data originate from a latent combination ...
JSTOR Daily

MAXIMUM LIKELIHOOD ESTIMATION IN MARKOV REGIME-SWITCHING MODELS WITH COVARIATE-DEPENDENT TRANSITION PROBABILITIES

This is a preview. Log in through your library . Abstract This paper considers maximum likelihood (ML) estimation in a large class of models with hidden Markov regimes. We investigate consistency of ...