Markov models for time series with mixed
โ
Gary K. Grunwald; Richard H. Jones
๐
Article
๐
2000
๐
John Wiley and Sons
๐
English
โ 161 KB
๐ 2 views
We consider modelling time series of amounts which may be zero using a stochastic ยฎrst-order Markov model with mixed transition density having a discrete component at 0 and a continuous component describing non-zero amounts. The models extend chain-dependent stochastic models in the literature on mo