Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 21 Markov Models - How a Random Walk Evolves
- November 1, 2023
- 31 min
Peer into the future with Markov analysis, which studies random systems to predict possible future outcomes. Apply this technique to the downed plane example from the previous lecture, and then see how Markov analysis helped a German direct-marketing firm avoid financial ruin.