Markov Chain Examples and Use Cases - A Tutorial on Markov Chains

Channel:

Fullstack Academy

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58,000

Published on July 20, 2017 2:38:05 PM ● Video Link: https://www.youtube.com/watch?v=4q3H_ZN01kk

Category:

Tutorial

Duration: 9:54

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A Markov Chain is a collection of random variables that visit various states by using the “Markov property”. This property, also known as “memorylessness”, states that the probability distribution of the future state is only dependent on the present state. In this tutorial, we provide an introduction to the concept of Markov Chains and give real-world examples to illustrate how and why Markov Chains are used. Web developers will be amazed at the ubiquity of Markov Chains and how they can be used to help improve their product.

Watch this video to learn:

- A brief history of Markov Chains
- What are Markov Chains
- How are Markov Chains used