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Markov chains and hiddenMarkov chains have applications in many areas of engineering and genomics. This book provides a basic introduction to the subject by first developing the theory ofMarkov processes in an elementary discrete time, finite state framework suitable...
Since the groundbreaking research of Harry Markowitz into the application of operations research to the optimization of investment portfolios, finance has been one of the most important areas of application of operations research. The use of hidden Markov models (HMMs)...
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