Markov Process

A Markov process is a stochastic process which satisfies the Markov property with respect to its natural filtration.

Read more about Markov Process:  Markovian Representations, In Popular Culture

Famous quotes containing the word process:

    If thinking is like perceiving, it must be either a process in which the soul is acted upon by what is capable of being thought, or a process different from but analogous to that. The thinking part of the soul must therefore be, while impassable, capable of receiving the form of an object; that is, must be potentially identical in character with its object without being the object. Mind must be related to what is thinkable, as sense is to what is sensible.
    Aristotle (384–322 B.C.)