Author Archives: Sourabh Mehta - Page 3

03 May

5 real-world use cases of the Markov chains

image-33905
image-33905
Markov chains are a stochastic model that represents a succession of probable events, with predictions or probabilities for the next state based purely on the prior event state, rather than the states before. It is "Memoryless" due to this characteristic of the Markov Chain.
25 Apr

All you need to know about Markov Chain Monte Carlo

Markov Chain Monte Carlo (MCMC) refers to a class of methods for sampling from a probability distribution to construct the most likely distribution. Logistic distribution cannot be directly calculated, so instead generates thousands of values preferred as samples for the parameters of the function to create an approximation of the distribution.