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:
“The invention of photography provided a radically new picture-making process—a process based not on synthesis but on selection. The difference was a basic one. Paintings were made—constructed from a storehouse of traditional schemes and skills and attitudes—but photographs, as the man on the street put, were taken.”
—Jean Szarkowski (b. 1925)