Martingdale
Definition
Stochastic process in which the expected value of an observation (which is conditional on all previous observations) at any stage is equal to the last of the previous observations. Named after the harness that keeps a horse's head in a fixed position—with its rows of teeth more or less parallel to the ground.
Martingdale is in the Statistics, Mathematics, & Analysis subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/Martingdale.html
email to a friend
print this definition
cite this definition
link to this page
