Questions tagged [transition-matrix]

A transition matrix is a square matrix used to describe the transitions of a Markov chain.

Filter by
Sorted by
Tagged with
0
votes
0answers
23 views
+50

Using Markov Chains to predict market share for prescription drugs

I wish to understand if the approach I am researching holds up to analytical rigor. I am planning to use historical data of 4 prescription drugs to forecast the market share of the same 4 drugs some ...