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BMARKOV CHAINS
Summary
• Markov chain is a simple concept which can explain most complicated real time Many of the Artificial
intelligence tools use this simple principle called Markov chain in some form.
• In this presentation will illustrate how easy it is to understand this concept and some of it’s applications.
Markov whaaaa?
• Markov chain is based on a principle of “memorylessness”. In other words, it is a stochastic model that
describes the probabilities of transition to t the next state of the process based solely on the current state of
the system and not the series of states.
• The chance that a baby currently playing will fall asleep in the next five
minutes without crying first
Markov chain application
• Market research problems (Market share predictions)
• Markov text generators
• Asset pricing and other financial predictions
• Customer journey predictions
• Population genetics
• Algorithmic music composition
• Page ranks (Google results)

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Markov chain

  • 2. Summary • Markov chain is a simple concept which can explain most complicated real time Many of the Artificial intelligence tools use this simple principle called Markov chain in some form. • In this presentation will illustrate how easy it is to understand this concept and some of it’s applications.
  • 3. Markov whaaaa? • Markov chain is based on a principle of “memorylessness”. In other words, it is a stochastic model that describes the probabilities of transition to t the next state of the process based solely on the current state of the system and not the series of states. • The chance that a baby currently playing will fall asleep in the next five minutes without crying first
  • 4. Markov chain application • Market research problems (Market share predictions) • Markov text generators • Asset pricing and other financial predictions • Customer journey predictions • Population genetics • Algorithmic music composition • Page ranks (Google results)