The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Random Fields

  • Nazgul Jenish
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2906

Abstract

Random fields are stochastic processes indexed by a multidimensional parameter. They possess some interesting properties, e.g. isotropy and the Markov property, and satisfy laws of large numbers and weak convergence theorems under fairly general conditions. As such, random fields provide a powerful tool for modelling spatial phenomena in physics, biology, economics, and other social sciences.

Keywords

Markov random fields Random fields Spatial processes 

JEL Classifications

C10 C31 D71 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Nazgul Jenish
    • 1
  1. 1.