Introduction to Finite Markov Chains
- 188 pages
- 7 hours of reading
Focusing on finite Markov chains, this book provides a comprehensive introduction to their transition probabilities, matrices, and graphical representations. It classifies state spaces, explores absorbing Markov chains and their probabilities, and discusses stationary and quasi-stationary distributions. Practical applications are also included, making it a valuable resource for undergraduate courses and researchers in statistics, stochastic processes, and related fields. The content is designed to enhance understanding and knowledge of this specific type of Markov process.
