What would it mean to assert that the temperature at a certain place follows a Markov process?

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What would it mean to assert that the temperature at a certain place follows a Markov process? Do you think that temperatures do, in fact, follow a Markov process?

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Options Futures and Other Derivatives

ISBN: 978-0134472089

10th edition

Authors: John C. Hull

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Question Posted: Feb 12, 2018 11:13 AM

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What would it mean to assert that the temperature at a certain place follows a Markov process?

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