Checkout
Personalized AI apps
Build multi-agent systems without code and automate document search, RAG and content generation
Start free trial
Question

Markov Chain - What is a real example of a Markov chain?

Answer

Weather forecasting serves as a common example of a Markov chain. The Markov chain utilizes current or recent dynamic data to predict future states, thereby facilitating weather prediction. Another prevalent application of Markov Chain is in the financial industry for predicting stock prices.