
Lecture Description
In this video I will explain what is a stochastic matrix.
Next video in the Markov Chains series:
youtu.be/YMUwWV1IGdk
Course Index
- What are Markov Chains: An Introduction
- Markov Chains: An Introduction (Another Method)
- Why Are Markov Chains Called "Markov Chains"?
- Another Way to Calculate the Markov Chains
- What Happens if the Markov Chain Continues?
- Markov Chain Applied to Market Penetration
- Power of the Probability Matrix
- What is a Stochastic Matrix?
- What is a Regular Matrix?
- Regular Markov Chain
- How to Check for a Stable Distribution Matrix
- How to Find a Stable 2x2 Matrix - Ex. 1
- How to Find a Stable 2x2 Matrix - Ex. 2
- How to Find a Stable 2x2 Matrix - Ex. 3
- How to Find a Stable 3x3 Matrix
- Application Problem #1, Charity Contributions
- Application Problem #2, Grocery Stores
- Application Problem #3, Brand Loyalty
- Absorbing Markov Chains - Definition 1
- Absorbing Markov Chains - Definition 2
- Absorbing Markov Chains - Example 1
- Absorbing Markov Chains - Example 2
- Absorbing and Non-Absorbing Markov Chain
- Absorbing Markov Chain in Standard Form
- Absorbing Markov Chain: Stable Matrix=?
- Absorbing Markov Chain: Stable Matrix=? Ex. 1
- Absorbing Markov Chain: Stable Matrix=? Ex. 2
- Absorbing Markov Chain: Stable Distribution Matrix I
- Absorbing Markov Chain: Stable Distribution Matrix II
- Basics of Solving Markov Chains
- Powers of a Transition Matrix
- Finding Stable State Matrix
- What is an Absorbing Markov Chain
- Finding the Stable State Matrix
- Finding the Stable State & Transition Matrices
- Absorbing Markov Chain: Standard Form - Ex.
- Absorbing Markov Chain: Changing to Standard Form
- Absorbing Markov Chain: Standard Form - Ex.
Course Description
In this third and final series on Probability and Statistics, Michel van Biezen introduces Markov chains and stochastic processes and how it predicts the probability of future outcomes.
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