Understanding Probability And Statistics: Markov Chains

Explaining Markov Chains For Data Scientists: One Of The Most Important Concepts In Probability And Statistics

Every data scientist comes across the terms Markov chain and Markov process once they start working on the statistical models. This article will explain the fundamental concept of Markov process in an easy to understand manner.

Markov chains are used throughout the finance, automobile, food, gaming industry and are experienced…