Markov Chains
applied
Such a clever mathematical technique, accessible to all. Learn it, apply it.
Introduction
A new concept for most. How can you predict outcomes with a chain of events? The same concept can be used to predict outcomes in sport. Caution: Don’t be overly deterministic in your explanations.
Guiding Questions
- What mathematical models apply to this situation?
- What data do you need to collect and how will you analyze it?
- What assumptions are you making in your mathematical model?
- How can you validate your mathematical conclusions?
- What are the limitations of your approach?
Key Mathematical Concepts
Probability
Markov Chains
Stochastic Processes
Transition Matrices