MARKOV PROCESS
\mˈɑːkɒv pɹˈə͡ʊsɛs], \mˈɑːkɒv pɹˈəʊsɛs], \m_ˈɑː_k_ɒ_v p_ɹ_ˈəʊ_s_ɛ_s]\
Definitions of MARKOV PROCESS
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a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state
By Princeton University