The Application of Markov Chain in Market Prediction and Decision
Hong Ying · Journal of Tonghua Normal University · 2009
It is very important for the enterprises to make scientific market decision by forecasting market share in the increasingly intense enterprise competition so that the enterprises are able to be in an invincible position.This article establishes a prediction model by using Markov theory and makes effective prediction for a certain commodity market share of different manufactures.Thus a scientific approach that enables the enterprises to acquire rapid economic growth is put forward.