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Keywords: Markov Process
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Teaching Notes
Teaching Notes 1–8.
Published: 20 January 2017
...Samuel E. Bodily; Jason Hull; William Scherer A credit-card company must value portfolios of customers based on their future earnings. The payment characteristics of customers serve to classify them into states. This case can be the basis for discussing state dynamics over time in a Markov process...
Includes: Supplementary data

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