The standard matrix method for calculating higher transition probabilities in a Markov process is briefly reviewed in the introduction. This method is extended to path multiplicities. Then a new ...

This is a preview. Log in through your library . Abstract We have two aims in this paper. First, we generalize the well-known theory of matrix-geometric methods of Neuts to more complicated Markov ...

A Markov-modulated Poisson Process (MMPP) is a Poisson process that has its parameter controlled by a Markov process. These arrival processes are typical in communications modeling where time-varying ...

Startups in India seem to be going through a rough patch these days. Not a day passes by without a few reports of companies shutting down, downsizing or struggling to raise funding. The same media ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into ...

A Markov chain is a mathematical concept of a sequence of events, in which each future event depends only on the state of the previous events. Like most mathematical concepts, it has wide-ranging ...