Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Journal of Applied Probability, Vol. 9, No. 4 (Dec., 1972), pp. 821-831 (11 pages) This paper demonstrates that, when in heavy traffic, the quasi-stationary distribution of the virtual waiting time ...
We describe a computational procedure for evaluating the quasi-stationary distributions of a continuous-time Markov chain. Our method, which is an 'iterative version' of Arnoldi's algorithm, is ...
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