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Math Help - Markov Models

  1. #1
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    Post Markov Models

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

    Thanks
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  2. #2
    Grand Panjandrum
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    Quote Originally Posted by Heffalina View Post
    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
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  3. #3
    MHF Contributor
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    Regime-Switching Interest Rate and Economic Models. These are almost fun!
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  4. #4
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    Quote Originally Posted by CaptainBlack View Post
    Stock price

    Availability of vehicles within a fleet

    Number of employees

    Weather

    etc

    RonL
    Thanx a lot
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  5. #5
    Grand Panjandrum
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    Quote Originally Posted by Heffalina View Post
    Thanx a lot
    Also the state of the game of Monopoly, if that qualifies as being in the Business world.

    RonL
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