Heavy-tailed phase-type distributions: a unified approach
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DOI: 10.1007/s10687-022-00436-8
Abstract: A phase-type distribution is the distribution of the time until absorption in a finite state-space time-homogeneous Markov jump process, with one absorbing state and the rest being transient. These distributions are mathematically tractable and conceptually… read more here.
Keywords: time; heavy tailed; phase type; type distributions ... See more keywords