Markov frameworks and stock market decision making

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6 Citations (Scopus)


In this paper, we present applications of Markov rough approximation framework (MRAF). The concept of MRAF is defined based on rough sets and Markov chains. MRAF is used to obtain the probability distribution function of various reference points in a rough approximation framework. We consider a set to be approximated together with its dynamacity and the effect of dynamacity on rough approximations is stated with the help of Markov chains. An extension to Pawlak’s decision algorithm is presented, and it is used for predictions in a stock market environment. In addition, suitability of the algorithm is illustrated in a multi-criteria medical diagnosis problem. Finally, the definition of fuzzy tolerance relation is extended to higher dimensions using reference points and basic results are established.

Original languageEnglish
JournalSoft Computing
Publication statusPublished - 01-11-2020

All Science Journal Classification (ASJC) codes

  • Software
  • Theoretical Computer Science
  • Geometry and Topology


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