Markov Process

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:

    “The process of discovery is very simple. An unwearied and systematic application of known laws to nature causes the unknown to reveal themselves.”
    —Henry David Thoreau (1817–1862)