In probability theory, a balance equation is an equation that describes the probability flux associated with a Markov chain in and out of states or set of states.
Read more about Balance Equation: Global Balance, Detailed Balance, Local Balance
Famous quotes containing the words balance and/or equation:
“Genius has infused itself into nature. It indicates itself by a small excess of good, a small balance in brute facts always favorable to the side of reason.”
—Ralph Waldo Emerson (1803–1882)
“A nation fights well in proportion to the amount of men and materials it has. And the other equation is that the individual soldier in that army is a more effective soldier the poorer his standard of living has been in the past.”
—Norman Mailer (b. 1923)
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