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Markov chainOne entry found. Main Entry: Markov chain Function: noun Etymology: A. A. Markov †1922 Russian mathematician Date: 1938 : a usually discrete stochastic process (as a random walk) in which the probabilities of occurrence of various future states depend only on the present state of the system or on the immediately preceding state and not on the path by which the present state was achieved —called also Markoff chain
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