Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=51324#.VGRwj2fHRK0 Author(s) Mahmoud Afshari 1* , Anoshirvan Ghaffaripour 2 Affiliation(s) 1 Department of Statistics, College of Science, Persian Gulf University, Bushehr, Iran . 2 Department of Statistics, College of Science, Yasouj University, Yasuj, Iran . ABSTRACT In this paper we consider sequences of observations that irregularly space at infrequent time in-tervals. We will discuss about one of the most important issues of stochastic processes, named Markov chains. We would reconstruct the collected imperfect data as a Markov chain and obtain an algorithm for finding maximum likelihood estimate of transition matrix. This a...
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