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"Markov processes are among the most important stochastic processes for both theory and applications. This book develops the general theory of these processes and applies this theory to various special examples. The initial chapter is devoted to the most important classical exam…
Markov Chains are the simplest mathematical models for random phenomena evolving time. Tne basic pattern are continous-time chains, Poissons processes and chains with finite state space, applications such as martingales, potentials, electrical networks and Browian motion.
