i) What kind of objective may be acheived by applying Markov chain analysis?
ii)How would be the arrangement of data?
Markov chain is the sub topic in the stochastic process. you have to understand the probability distribution and matrix. here data are arranged in terms of matrix following states/steps. You can arrange in terms of column (crop 1, 2,3,4) and in row wise arranged (area, production, yield) . this will constitute the so called matrix . what next computing the probability in terms of rows and colum establishing the transition matrix whose
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- Thank you for your answer. can you please share some screenshots of the stepwise analysis?
Dear colleague,
Sorry, but you ask a strange question. Why did you chose Markov chains? Why not factor analysis, design of experiments, time series, stationary processes and so on ? You should first to define for yourselves what do you want obtain from the data, what is the goal of your study.Ilya
Thank you sir for your comments.
Actually Sir, I was trying to learn the Markov Chains and was thinking if I could apply the same for the Availble data on Area and production of principle crops to identify the transition process in the state agriculture in last 35 years.
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