A New Improved Parsimonious Multivariate Markov Chain Model
Author(s) -
Chao Wang,
TingZhu Huang
Publication year - 2013
Publication title -
journal of applied mathematics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.307
H-Index - 43
eISSN - 1687-0042
pISSN - 1110-757X
DOI - 10.1155/2013/902972
Subject(s) - multivariate statistics , markov chain , convergence (economics) , variable order markov model , computer science , markov model , multivariate analysis , mathematics , econometrics , statistics , economics , economic growth
We present a new improved parsimonious multivariate Markov chain model. Moreover, we find a new convergence condition with a new variability to improve the prediction accuracy and minimize the scale of the convergence condition. Numerical experiments illustrate that the new improved parsimonious multivariate Markov chain model with the new convergence condition of the new variability performs better than the improved parsimonious multivariate Markov chain model in prediction
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