Markov property

from Wikipedia, the free encyclopedia

The Markov property is called in mathematics:

  • Elementary Markov property , a property of a stochastic process that corresponds to a short memory and time-varying transition probabilities.
  • Weak Markov property , also a property of a stochastic process, which corresponds to a short memory and temporally constant transition probabilities. Mostly this property is referred to as "the" Markov property.
  • Strong Markov property , a property belonging to Markov processes and which generalizes the weak Markov property with stop times.