Bhartiya Krishi Anusandhan Patrika
  • Year: 2019
  • Volume: 34
  • Issue: 1

Forecasting based on Markov chain model

  • Author:
  • V. Ramasubramanian, Ravindra Singh Shekhawat, S.P. Singh
  • Total Page Count: 6
  • Page Number: 17 to 22

ICAR-Indian Agricultural Statistical Research Institute, New Delhi-110 012, India

*Correspondence Email: r.subramanian@icar.gov.in

Online published on 18 February, 2020.

Abstract

In this paper, we try to forecast crop yield by the probability model based on Markov Chain theory, which overcomes some of the drawbacks of the regression model. Markov Chain models are not constrained by a parametric assumption and are robust against outliers and extreme values. Here, multiple order Markov chain were utilized.

Keywords

Markov Chain, Forecasting, Multiple order