학술논문
Markov Chain: Forecasting Economic Variables
Document Type
Conference
Source
2019 International Conference on Computing, Computational Modelling and Applications (ICCMA) Computing, Computational Modelling and Applications (ICCMA), 2019 International Conference on. :115-1154 Mar, 2019
Subject
Language
Abstract
The Economy is affected by dynamic and unstable variables. Therefore, it is very necessary to recognize the variations of the economic variables in order to make better decisions in the future via forecasting. In our work, a Markov Chain model, which is a mathematical tool in the stochastic Process, to forecasting some vital economic variables in making a critical decision was engaged. We proposed a forecasting model, based on Markov chains.