A Markov process is a stochastic process which satisfies the Markov property with respect to its natural filtration.
Read more about Markov Process: Markovian Representations, In Popular Culture
Famous quotes containing the word process:
“When you start with a portrait and search for a pure form, a clear volume, through successive eliminations, you arrive inevitably at the egg. Likewise, starting with the egg and following the same process in reverse, one finishes with the portrait.”
—Pablo Picasso (1881–1973)