Dynamical Systems
The memoryless property refers to a characteristic of certain stochastic processes, specifically those where the future state depends only on the current state and not on the sequence of events that preceded it. This means that the process has no 'memory' of past states, making it simpler to analyze and predict future behavior. In stochastic dynamical systems, this property plays a crucial role in defining Markov processes, which are foundational in modeling random systems over time.
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