Finite Markov Processes and Their Applications - (Dover Books on Mathematics) by Marius Iosifescu (Paperback)

This book provides a comprehensive and self-contained treatment of finite Markov chains and processes, covering both theory and applications.

The author, Marius Iosifescu, is a renowned expert in the field and has included numerous examples and exercises to help readers fully understand the material.

The text begins with a review of relevant probability theory and linear algebra concepts, making it accessible to readers who may not have a strong background in these areas.

The book then delves into the fundamental properties of homogeneous finite Markov chains, including their absorbing and ergodic properties, and explores their applications in psychology and genetics.

Additionally, the text covers nonhomogeneous finite Markov chain theory and provides an introduction to continuous parameter stochastic processes.

With its comprehensive coverage and practical examples, this book is an essential resource for anyone interested in understanding the principles of Markov chains and their applications.