On Some Characteristics of a Simple Random Walk

Authors

  • Erdin Y Ordu University, Department of Mathematics, 52200, Ordu, Turkey
  • Pelin Kasap Ondokuz May?s University, Department of Statistics, 55200, Samsun, Turkey

Keywords:

Markov chain, random walk, simple random walk, variance, autocorrelation function, covariance.

Abstract

In most of the probabilistic problems Markov chain models are used and the random walk models are one of the most essential class of the Markov chains. A random walk model appears in many real world problems such as a gambling problem, the motion of a certain particle, the price change in a stock exchange market and the real-time change in a network traffic.

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Published

2017-08-22

How to Cite

Y, E., & Kasap, P. (2017). On Some Characteristics of a Simple Random Walk. International Journal of Sciences: Basic and Applied Research (IJSBAR), 35(2), 142–146. Retrieved from https://www.gssrr.org/index.php/JournalOfBasicAndApplied/article/view/7951

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Articles