Glossary

Machine Vision

Machine Vision” refers to a computer’s ability to process and interpret visual data. Using complex algorithms and statistical models, it extracts valuable insights from digital images or videos, ultimately guiding decision-making.

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A Markov Chain

A Markov Chain is a mathematical model predicting a sequence of future events. The outcome of each event solely depends on the state achieved in its predecessor using the Markov property.

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Markov Decision Process (Mdp)

Markov Decision Process (MDP) refers to a statistical theory that models scenarios where outcomes are partly based on random events and partly on calculated decisions. This method extends from Markov chains with added rewards and actions, enabling choices and inducing motivation.

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