Intro to Markov Chains & Transition Diagrams
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YouTubeDr. Trefor Bazett
Intro to Markov Chains & Transition Diagrams
Markov Chains or Markov Processes are an extremely powerful tool from probability and statistics. They represent a statistical process that happens over and over again, where we try to predict the future state of a system. A markov process is one where the probability of the future ONLY depends on the present state, and ignores the past ...
128.1K viewsSep 7, 2020
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An article in the Journal of the American Statistical Association ["Markov Chain Monte Carlo Methods for Computing Bayes Factors: A Comparative Review" (2001, Vol. 96, pp. 1122-1132 ) analyzed the tabulated data on compressive strength parallel to the grain versus resin-adjusted density for specimens of radiata pine. The data are in Table E11-5. (a) Fit a regression model relating compressive strength to density. (b) Test for significance of regression with α=0.05. (c) Estimate σ^2 for this mode
An article in the Journal of the American Statistical Association ["Markov Chain Monte Carlo Methods for Computing Bayes Factors: A Comparative Review" (2001, Vol. 96, pp. 1122-1132 ) analyzed the tabulated data on compressive strength parallel to the grain versus resin-adjusted density for specimens of radiata pine. The data are in Table E11-5. (a) Fit a regression model relating compressive strength to density. (b) Test for significance of regression with α=0.05. (c) Estimate σ^2 for this mode
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