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- Title
Forecasting based on Markov chain model.
- Authors
Ramasubramanian, V.; Shekhawat, Ravindra Singh; Singh, S. P.
- Abstract
In this paper, we try to forecast crop yield by the probability model based on Markov Chain theory, which overcomes some of the drawbacks of the regression model. Markov Chain models are not constrained by a parametric assumption and are robust against outliers and extreme values. Here, multiple order Markov chain were utilized.
- Subjects
MARKOV processes; AGRICULTURAL forecasts; FORECASTING; EXTREME value theory; REGRESSION analysis; CROP yields
- Publication
Quarterly Research Journal of Plant & Animal Sciences / Bhartiya Krishi Anusandhan Patrika, 2019, Vol 34, Issue 1, p17
- ISSN
0303-3821
- Publication type
Article
- DOI
10.18805/BKAP144