Application of Markov prediction method in the decision of insurance company
Yuzhen Lu, Min Zhang, Ting Yu, Minghui Qu · Advances in intelligent systems research/Advances in Intelligent Systems Research · 2014
This paper studies the theory of Markov knowledge, what's more, it surveys and analysis the market share.Then for three specific companies, the paper builds a model using Markov theory based on companies of insurance market.Through the model, it analysis several possible circumstances and puts forward the way to deal with them.Furthermore, it predicts and analyzes the distribution of market shares in the later period, which provides references for companies.