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All Blog Posts Tagged 'Markov' (5)

Marketing Analytics through Markov Chain

Imagine you are a company selling a fast-moving consumer good in the market.

Let’s assume that the customer would follow the given journey to make the final purchase:               These are the states at which the customer would be at any point in the purchase journey.

Now, how to find out in which state the customers would be after 6…

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Added by Ridhima Kumar on January 8, 2019 at 12:00am — 4 Comments

A Semi-Supervised Classification Algorithm using Markov Chain and Random Walk in R

In this article, a semi-supervised classification algorithm implementation will be described using Markov Chains and Random Walks. We have the following 2D circles dataset (with 1000 points) with only 2 points labeled (as shown in the figure, colored red and blue respectively, for all others the labels are unknown, indicated by the…

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Added by Sandipan Dey on June 6, 2017 at 11:00am — 3 Comments

Forecasting with the Baum-Welch Algorithm and Hidden Markov Models

Leonard Baum and Lloyd Welch designed a probabilistic modelling algorithm to detect patterns in Hidden Markov Processes. They built upon the theory of probabilistic functions of a …

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Added by Michael Walker on February 24, 2014 at 10:02pm — 1 Comment

Markov Logic Networks for Better Decisions

One important goal of data science is to help decision makers make better decisions. Markov…

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Added by Michael Walker on January 15, 2014 at 12:24pm — 1 Comment

Tool for Computing Continuous Distributed Representations of Words

Natural language processing (NLP) involves machine learning, artificial intelligence, algorithms and linguistics related to interactions between computers and human languages. One important goal…

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Added by Michael Walker on August 20, 2013 at 7:27pm — No Comments

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