5
Continuous-Time Markov Chains
5.1 Introduction
A stochastic process 
is a continuous-time Markov chain (CTMC) if, for all 
and nonnegative integers 
:
This means that in a CTMC, the conditional probability of the future state at time 
given the present ...
With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.
Start Free Trial
No credit card required