Markov Chains explained visually

August 8, 2014

Topic

Statistics  /  , ,

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.