Discover how Markov Analysis predicts future states from current data, understand its strengths and weaknesses, and explore its application in finance and business.

Until recently, Markov models and analytical methods were fairly obscure mathematical techniques rarely applied outside of academic settings. The advent of functional safety standards, particularly ...

This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which ...

Online bipartite matching (OBM) has a rich history in the literature of online algorithms, where it has been an influential problem inspiring many algorithms and techniques. This problem of obtaining ...