Markov Chains explained visually

August 8, 2014  |  Statistics

Markov chain

Adding on to their series of graphics to explain statistical concepts, Victor Powell and Lewis Lehe use a set of interactives to describe Markov Chains. Even if you already know what Markov Chains are or use them regularly, you can use the full-screen version to enter your own set of transition probabilities. Then let the simulation run.

Nice. Should be especially useful for educators.

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