Markov analysis is a technique that deals with the probabilities of future occurrences by
A)using the simplex solution method.
B)analyzing currently known probabilities.
C)statistical sampling.
D)the minimal spanning tree.

Question

Quizplus · Accepted Answer

Markov analysis uses currently known probabilities and the concept of transition probabilities to predict future occurrences. It does not involve the simplex solution method, statistical sampling, or the minimal spanning tree.

Markov Analysis Is a Technique That Deals with the Probabilities