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Markov Chain

High School

Definition

Stochastic process where future depends only on present state (memoryless)

Formulas

P(Xₙ₊₁|Xₙ,...,X₀) = P(Xₙ₊₁|Xₙ)
Transition matrix: P = (pᵢⱼ)
Stationary: πP = π

Examples

Example 1

Random walk

Example 2

Weather model

Example 3

PageRank

Applications

Finance

Genetics

NLP

Related Documents

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