Markov Chains Prediction framework

The application multiplies a probability vector with a transition matrix multiple times (n steps - user defined). On each step, the values from the resulting probability vectors are plotted on a chart. The resulting curves on the chart indicate the behavior of the system over n steps. Note that the application allows a prediction for systems with a maximum of four states. This version in JS can also be of use: Predictions with Markov Chains.

References

• Paul A. Gagniuc. Markov chains: from theory to implementation and experimentation. Hoboken, NJ, John Wiley & Sons, USA, 2017, ISBN: 978-1-119-38755-8.