Your phone's keyboard predicts your next word from the last one or two. Build the simplest version of that predictor and find out how far you can push it with a Markov chain.
A Markov chain predicts what happens next from the current state alone, ignoring everything before it. Predictive text on a phone keyboard works close to exactly this way: given the last letter (or word) you typed, what is the most likely next one? This exploration builds a transition matrix from a real block of text (a book, your own messages, song lyrics), uses it to generate predictions and even nonsense text, and tests how much accuracy you lose by ignoring everything before the current letter.