I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...

This example has a Markov-modulated Poisson process that serves to control the arrival process to a single-queue, single-server queueing model.

Pharmacoeconomics, PharmacoEcon 1998; 13(4):397-409. Welton NJ, Ades AE. Estimation of Markov chain transition probabilities and rates from fully and partially observed data: Uncertainty propagation, ...

Pharmacoeconomics, PharmacoEcon 1998; 13(4):397-409. Welton NJ, Ades AE. Estimation of Markov chain transition probabilities and rates from fully and partially observed data: Uncertainty propagation, ...