Economic forecast based on Markov chain

international conference on electrical and electronics engineering（2016）

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摘要

Economic forecasting is very important for market forecast analysis and market management decision. The paper proposes the application of Markov chain in economic forecast. Firstly, give the Markov base theory. Secondly, discuss the process of economic forecast based on Markov chain. Finally, forecast the expected profit using real data. Experimental results show that Markov theory could be used in real economic environment. It has important guiding significance in marketing activities.

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关键词

Markov chain,state transition probability,market share,expected profit

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