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STRONG MARKOV PROPERTY OF TWO-PARAMETER PROCESSES

Jing Zhou

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Abstract

In this paper the general definitions of the strong Markov property and the strong optional (predicable, accessible, torally inaccessible) Markov property for twoparamoter processes are proposed and the relations between various strong Markov properties are discussed. These results are similar to those for one-parameter processes in [1]. Moreover, the following result is shown: two-parameter Feller processes with right continuous sample funotions possess the strong optional Markov property.

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What this paper is about

In this paper the general definitions of the strong Markov property and the strong optional (predicable, accessible, torally inaccessible) Markov property for twoparamoter processes are proposed and the relations between various strong Markov properties are discussed. These results are similar to those for one-parameter processes in [1]. Moreover, the following result is shown: two-parameter Feller processes with right continuous sample funotions possess the strong optional Markov property.

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Available abstract

In this paper the general definitions of the strong Markov property and the strong optional (predicable, accessible, torally inaccessible) Markov property for twoparamoter processes are proposed and the relations between various strong Markov properties are discussed. These results are similar to those for one-parameter processes in [1]. Moreover, the following result is shown: two-parameter Feller processes with right continuous sample funotions possess the strong optional Markov property.

Key concepts: Markov chain, Markov property, Property (philosophy), Markov process, Mathematics, Markov model, Variable-order Markov model, Applied mathematics

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