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

Monte Carlo Methods and Markov Chain Algorithms

Monte Carlo methods and Markov Chain algorithms have long been central to computational science, forming the backbone of numerical simulation in a variety of disciplines. These techniques employ ...
Insurancenewsnet.com

New Study Findings from University of Economics in Bratislava Illuminate Research in Statistics and Economy (Use of Markov Chain Simulation in Long Term Care Insurance ...

2023 JAN 04 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News-- A new study on statistics and economy is now available. According to news originating from Bratislava, Slovakia, ...
CU Boulder News & Events

Wavelet and Hidden Markov-Based Stochastic Simulation Methods Comparison on Colorado River Streamflow

Erkyihun S.T., E Zagona, B. Rajagopalan, (2017). “Wavelet and Hidden Markov-Based Stochastic Simulation Methods Comparison on Colorado River Streamflow,” Journal of Hydrologic Engineering 2017, 22(9): ...
Risk

Stress testing of retail mortgages: a study based on non-stationary Markov chains and t-copula simulation

In this study, real-life retail mortgage loan data from a Chinese national commercial bank is used to generate the projected distribution over a set of predefined mortgage states or categories.