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Hidden Markov Models (HMMs) extend this framework by incorporating latent (or hidden) states that are not directly observed, ... bioinformatics, and econometrics, ...
C. Bracken, B. Rajagopalan, & E. Zagona (2014). “A Hidden Markov Model Combined with Climate Indices for Multi-decadal Streamflow Simulation,” Water Resources Research, 50, 7836-7846. Abstract: ...