


French
Equivalent: Chaîne 
Definition: 
A sequence of terms such that each term depends in some defined way upon the previous term or terms in the series; for example, the chainrelative used in the calculation of index numbers upon the chainbase method.

Context: 
The term chain is also used in connection with stochastic processes where the value at one point is determined by values at previous points apart from a random element; or more exactly, the probability distribution at any point, conditional on certain previous values, is otherwise independent of past history.

Source
Publication: 
A Dictionary of Statistical Terms, 5th edition, prepared for the International Statistical Institute by F.H.C. Marriott. Published for the International Statistical Institute by Longman Scientific and Technical.

Statistical
Theme: Methodological information (metadata) 
Created
on Sunday, May 19, 2002 
Last
updated on Monday, July 18, 2005 












