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Examples of fitting structured phase–type distributions

✍ Scribed by Faddy, M. J.

Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
397 KB
Volume
10
Category
Article
ISSN
8755-0024

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✦ Synopsis

A sub-class of phase-type distributions is defined in terms of a Markov process with sequential transitions between transient states and transitions from these states to absorption. Such distributions form a very rich class; they can be fitted to data, and any structure revealed by the parameter estimates used to develop more parsimonious re-parametrizations. Several example data sets are used as illustrations.

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