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What are Markov chains? Interactive guide with examples

I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...
JSTOR Daily

A Markov Chain Model of Human Needs: An Extension of Maslow's Need Theory

The Academy of Management Journal, Vol. 12, No. 2 (Jun., 1969), pp. 223-234 (12 pages) This paper proposes a Markov chain model to deal with the dynamic, multivariate, and probabilistic nature of a ...
Hackaday

There’s No AI In A Markov Chain, But They’re Fun To Play With

Amid all the hype about AI it sometimes seems as though the world has lost sight of the fact that software such as ChatGPT contains no intelligence. Instead it’s an extremely sophisticated system for ...
inc42

What Is Markov Chain Monte Carlo (MCMC)? Here’s All You Need to Know

What Is Markov Chain Monte Carlo? Markov Chain Monte Carlo (MCMC) is a powerful technique used in statistics and various scientific fields to sample from complex probability distributions. It is ...
JSTOR Daily

A Markov Chain Approximation to Choice Modeling

Assortment planning is an important problem that arises in many industries such as retailing and airlines. One of the key challenges in an assortment planning problem is to identify the "right" model ...