On Multi-dimensional Markov Chain Models
نویسندگان
چکیده
Markov chain models are commonly used to model categorical data sequences. In this paper, we propose a multi-dimensional Markov chain model for modeling high dimensional categorical data sequences. In particular, the models are practical when there are limited data available. We then test the model with some practical sales demand data. Numerical results indicate the proposed model when compared to the existing models has comparable performance but has much less number of model parameters.
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