IDEAS home Printed from https://ideas.repec.org/a/sdb/social/v9y2020i1p35-43.html
   My bibliography  Save this article

A Simulation of a Homogeneous Markov Chain in Discrete - Time Whose Transition Matrix Changes Randomly

Author

Listed:
  • Tatiana Dosescu

    (Dimitrie Cantemir Christian University)

  • Victor Raischi

    (Institut of Education Science, Republic of Moldova)

  • Adi Nicoleta Craciun

    (Grigore Cerchez High School)

Abstract

The paper presents a procedure for simulating a finite and homogeneous Markov chain in discrete time, using random extractions from a finite set of urns. Then the procedure changes to simulate a finite and homogeneous Markov chain in a discrete time whose stochastic transition matrix changes randomly to take into account the context in which stochastic modelling takes place.

Suggested Citation

  • Tatiana Dosescu & Victor Raischi & Adi Nicoleta Craciun, 2020. "A Simulation of a Homogeneous Markov Chain in Discrete - Time Whose Transition Matrix Changes Randomly," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 9(1), pages 35-43, April.
    • Handle: RePEc:sdb:social:v:9:y:2020:i:1:p:35-43
    as

    Download full text from publisher

    File URL: http://www.economic-debates.ro/Art%204%20DSE%201%202020%20%20Dosescu.pdf
    Download Restriction: no
    File URL: http://www.economic-debates.ro/Art%204%20DSE%201%202020%20%20Dosescu.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Homogeneous Markov chain; simulate; stochastic modeling; stochastic transition matrix; flowchart; Mathematica 5.2.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdb:social:v:9:y:2020:i:1:p:35-43. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adi Sava (email available below). General contact details of provider: http://www.economic-debates.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.