Thread: Markov Models

Hi, does anyone know any applications of Markov Process to the business world, apart from predicting brand-switching?

Thanks

Originally Posted by Heffalina

Hi, does anyone know any applications of Markov Process to the business world, apart from predicting brand-switching?

Thanks

Stock price

Availability of vehicles within a fleet

Number of employees

Weather

etc

RonL

Regime-Switching Interest Rate and Economic Models. These are almost fun!

Originally Posted by CaptainBlack

Stock price

Availability of vehicles within a fleet

Number of employees

Weather

etc

RonL

Thanx a lot

Originally Posted by Heffalina

Thanx a lot

Also the state of the game of Monopoly, if that qualifies as being in the Business world.

RonL