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Thanks a lot for the info..I will grab the Finite Mathematics textbook and go from there...
Dear Friends,
I was wondering how can I differ between a markov chain and markov process with some examples if possible. I was working in building a formulation for rain occurence probability (what is the probability of raining today if it rained yesterday, or what are the other option such as day 1: rain, day 2: no rain, day 1: no rain, day 2: rain...etc)...As I read this can be solved using 1st order markov chain...what about other orders (2nd or higher)? How this can be soved in this case?
I know it could be a lot of questions, but I believe this may clarify a lot for me and others who are confused regarding this process...Thank you in advance for your help.
Ramze
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