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Bhartiya Krishi Anusandhan Patrika, volume 34 issue 1 (march 2019) : 17-22

Forecasting based on Markov chain model

Ramasubramanian V., Ravindra Singh Shekhawat, S. P. Singh
1<p>ICAR-Indian Agricultural Statistical Research Institute, New Delhi, India.</p>
Cite article:- V. Ramasubramanian, Shekhawat Singh Ravindra, Singh P. S. (NaN). Forecasting based on Markov chain model . Bhartiya Krishi Anusandhan Patrika. 34(1): 17-22. doi: 10.18805/BKAP144.

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.

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