The use of the Markov Models to identify the turning points in the business cycle
The article presents an example of the idea of the Markov processes (chains) to identify phases and turning points in the business cycle. With regard to the business cycle, the states of the process cycle are the phases of the cycle. On the basis of a probability value of transitions between the sta...
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| Format: | Article |
| Language: | English |
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WSB University in Torun
2012-12-01
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| Series: | Torun Business Review |
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| Online Access: | https://tbr.wsb.torun.pl/index.php/journal/article/view/211 |