Application of hidden Markov switching moving average model in the stock markets: Theory and empirical evidence

Maximum Likelihood from Incomplete Data Via the <i>EM</i> Algorithm

A. P. Dempster, N. M. Laird, Donald B. Rubin · Journal of the Royal Statistical Society Series B (Statistical Methodology) · 1977 · 49.7K citations

Public Health, Biostatistics, Bayesian Data Analysis +16

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

A Maximization Technique Occurring in the Statistical Analysis of Probabilistic Functions of Markov Chains

Leonard E. Baum, Ted Petrie, George Soules · The Annals of Mathematical Statistics · 1970 · 4.3K citations · Full text

Natural Sciences, Computer Science, Mathematics +12

Proceedings of the Fifth Berkeley Symposium on Mathematical Statistics and Probability; Vol. IV

H. L. Le Roy, Lucien LeCam, Jerzy Neyman · Revue de l Institut International de Statistique / Review of the International Statistical Institute · 1969 · 2.9K citations

Natural Sciences, Mathematics, Probability Theory +13

Statistical Inference for Probabilistic Functions of Finite State Markov Chains

Leonard E. Baum, Ted Petrie · The Annals of Mathematical Statistics · 1966 · 2.8K citations · Full text

Natural Sciences, Computer Science, Mathematics +15