Documentation Center

  • Trial Software
  • Product Updates

Introduction to Markov Models

Markov processes are examples of stochastic processes—processes that generate random sequences of outcomes or states according to certain probabilities. Markov processes are distinguished by being memoryless—their next state depends only on their current state, not on the history that led them there. Models of Markov processes are used in a wide variety of applications, from daily stock prices to the positions of genes in a chromosome.

Was this topic helpful?