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 ...
Get Markov Processes for Stochastic Modeling, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.