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14:40
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Stat Legend
Introduction to Continuous-Time Markov Chains (CTMCs) With Solved Examples || Tutorial 9 (A)
In this video, we introduce and define the concept of continuous-time Markov chains (CTMCs) with an example. Secondly, the video explained the transition rates and probabilities of the CTMCs. In the latter part, the video provided some solved examples. Link to Poisson distribution: https://youtu.be/QwhWTJLihC0 Link to exponential distribution ...
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