Markov Chain
2019-09-08
A Markov chain is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event. (“memorylessness”)Continue Reading
A Markov chain is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event. (“memorylessness”)Continue Reading
* Is a discrete time stochastic control process for decision making in situations where outcomes are partly random and partly under the control of a decision maker. * At each discrete time step, the process is in some state s, and the decision maker may choose any action a thatContinue Reading
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