Modeling and Analyzing Random Data Using Markov Processes and Their Applications in Prediction

Authors

  • Ngiste Amare Ngiste Amare Mizan-Tepi University ,Ethiopia Author

Keywords:

Markov processes, stochastic modeling, probability theory, data prediction, statistical analysis

Abstract

This research explores the application of Markov processes in statistical modeling for analyzing random data. The study investigates transition probabilities, stationary distributions, and predictive accuracy in real-world datasets. Practical applications include financial forecasting, risk assessment, and reliability analysis.

Published

2024-01-04

How to Cite

Modeling and Analyzing Random Data Using Markov Processes and Their Applications in Prediction. (2024). Tamjeed Journal of Healthcare Engineering and Science Technology, 2(2), 47-55. https://www.tamjeedpub.com/index.php/TJHEST/article/view/122

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