Is there an inbuilt function/algorithm for finding a Higher Order Markov Chain model?
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Hi,
I am trying to find some guidance that could help me to find a Higher Order Markov Chain model for a time series, which elements are in fact part of a Markov chain. For example: Sales: 3, 4, 2, 5,6,6,8,5,4,3,2,1,1,1,3,6,4,1,.....
I have seen instructions for ARIMA models, how to create/simulate/ analysis of Markov Chains, but that is not what I want.
kind regards,
Clarisha
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