The present paper introduces a Markovian procedure for the simulation of wind speed and direction at a specific site. This method generates a Markov matrix from the available hourly site data for the ...

Let $M = \| m_{ij} \|$ be a $4 \times 4$ irreducible aperiodic Markov matrix such that $h_1 \neq h_2, h_3 \neq h_4$, where $h_i = m_{i1} + m_{i2}$. Let $x_1, x_2 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...