Quiz

1. Quiz-tion: Pick the phrase that's giving incorrect information about Markov models:
   1. Markov models are used in finance
   2. They were never used to study French poetry
   3. They are named after the mathematician Andrey Markov
   4. There are many different applications of the Markov models
2. Quiz-tion: About the HMM, it's wrong to say that:
   1. The so-called hidden states are always known
   2. The parameter space of an HMM also comprehends the transitional matrix
   3. They found application in finance
   4. The hidden states are related to the observations which are sometimes called visible states

Answers—executing the following code will give you the answers to the quiz questions:

set.seed(9)
round(runif(2,1,4))