The first financial model to use a Markov chain was from Prasad et al. in 1974. Another was the regime-switching model of James D. Hamilton (1989), in which a Markov chain is used to model switches between periods of high volatility and low volatility of asset returns.
A molecule is a particle containing two or more atoms. If it contains only one type of atom it is called an element.
Glycolysis literally means splitting sugars.. Glucose, a six carbon sugar, is split into two molecules of a three carbon sugar. Glycolysis takes place in the cell's cytoplasm. In the process, two molecules of ATP, two molecules of pyruvic acid and two high energy electron carrying molecules of NADH are produced.lucose, a six carbon sugar, is split into two molecules of a three carbon sugar. Glycolysis takes place in the cell's cytoplasm. In the process, two molecules of ATP, two molecules of pyruvic acid and two high energy electron carrying molecules of NADH are produced.