Journal of Chemical and Pharmaceutical Research (ISSN : 0975-7384)

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Original Articles: 2014 Vol: 6 Issue: 6

Mathematical model based on the product sales market forecast of markov forecasting and application


Markov forecasting is a prediction method which the application in probability theory of Markov chain theory and method to study the change rules of the economic phenomenon and in order to predict the future situation. The purpose of this paper is to apply Markov chain theory to the actual market share analysis, it established Markov forecasting model of market share. This model was applied to municipal automobile sales market forecast and had carried on the empirical research.

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