A characterization for mixtures of semi-Markov processes

Mixtures of recurrent semi-Markov processes are characterized through a partial exchangeability condition of the array of successor states and holding times. A stronger invariance condition on the joint law of successor states and holding times leads to mixtures of Markov laws.

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Year of publication:	2002
Authors:	Epifani, I. ; Fortini, S. ; Ladelli, L.
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 60.2002, 4, p. 445-457
Publisher:	Elsevier
Keywords:	Holding times Markov chains Markov exchangeability Partial exchangeability Semi-Markov processes Successor state

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005211901