M5 Markov Models

Question 1

Markov Property

Answer 1

Movement now or in future only depends on latest available information.

Question 2

Homogenious MC means

Answer 2

P(t,t+s)=P(0,s) ie only depends on future span

Question 3

What does superscript ii bar mean

Answer 3

Occupancy probability (stays in state)

Question 4

What assumption do we make for

_dtq_x+t

Answer 4

_dtq_x+t = u_x+t • dt + o(dt)

Question 5

a function is of o(t) if

Answer 5

lim_t→0 g(t)/t = 0