Encyclopedia of Sciences and Religions

2013 Edition
| Editors: Anne L. C. Runehov, Lluis Oviedo

Markov Process

Reference work entry
DOI: https://doi.org/10.1007/978-1-4020-8265-8_200985

In probability theory and statistics, a Markov process (the name is due to the mathematician Andrey Markov), is a time-varying random phenomenon (stochastic process) for which a specific property (the Markov property) holds. A stochastic process satisfies the Markov property, if the probability of what is going to happen tomorrow conditioned to what is happening today is the same that the probability of what is going to happen tomorrow conditioned to what have happened previously. This property is informally known as memorylessness or non-memory property.

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© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  1. 1.Universidad Complutense De MadridMadridSpain