I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...

Markov chain models and phase-type distributions have emerged as powerful tools in healthcare analytics, offering a robust framework for understanding and predicting patient trajectories throughout ...

Brief review of conditional probability and expectation followed by a study of Markov chains, both discrete and continuous time. Queuing theory, terminology, and single queue systems are studied with ...

A parametric class of Markov chains that can be used to model such phenomena as job transitions for unskilled workers is presented in this article. Maximum likelihood estimation for the Markov chain ...

A Markov chain model evaluated the cost-effectiveness of abemaciclib and ribociclib with letrozole compared with letrozole alone for HR+/HER2– EBC from a payer perspective in India. Key measures ...