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What does MP stand for?

MP stands for Markov Process

This definition appears very frequently and is found in the following Acronym Finder categories:

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We have 204 other meanings of MP in our Acronym Attic

Samples in periodicals archive:

The Markov process is considered to have Markovian property if conditional probability of any future event is independent of the past and depends only upon the present state; for any matrix to be considered a Markov Matrix or Transition Matrix the following two properties should be valid (Janssen, Manca 2006).
Considering in turn discrete-time modeling, continuous-time modeling, and spatial modeling, they cover stochastic recursive sequences, Markov chains, stationary queues, the M/GI/1 queue, the Poisson process, the Markov process, systems with delay, loss systems, and spatial point processes.
From this perspective, a stationary Markov process does not seem to be the ideal approach to represent the sort of model uncertainty that is relevant for monetary policymaking.