I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple interactive animations. Look at the illustration above. The gray circle can move ...

Brief review of conditional probability and expectation followed by a study of Markov chains, both discrete and continuous time. Queuing theory, terminology, and single queue systems are studied with ...

Pharmacoeconomics, PharmacoEcon 1998; 13(4):397-409. Welton NJ, Ades AE. Estimation of Markov chain transition probabilities and rates from fully and partially observed data: Uncertainty propagation, ...

Pharmacoeconomics, PharmacoEcon 1998; 13(4):397-409. Welton NJ, Ades AE. Estimation of Markov chain transition probabilities and rates from fully and partially observed data: Uncertainty propagation, ...