A Markov model is a stochastic model used to model pseudo-randomly changing systems.
There are 4 types of Markov Model. Let’s start by naively describing how the simplest model among those, Markov Chain works.
Course Content
Stochastic Modeling
Markov Chain
Markov Chains in Stock Market
The Random Walk of Stock Market
Getting Equilibrium Matrix in Markov Chain
Weiner Process
Simulating Geometric Brownian Motion
Essentials of Markovian Models
