model-based clustering strategy in order to differentiate the population based on the level of energy-related financial … meaning and provides support to the model-based clustering approach as a sophisticated alternative. This could be a useful …

Two approaches for model-based clustering of categorical time series based on time- homogeneous first-order Markov … chains are discussed. For Markov chain clustering the in- dividual transition probabilities are fixed to a group …-specific transition matrix. In a new approach called Dirichlet multinomial clustering the rows of the individual transition matri- ces …

the hierarchy on the variance decomposition and the clustering effects have not been well documented. This paper discusses … how omitting one level in three-level models affects the variance decomposition and clustering in the resulting two …