In this video, we learn about Markov chains through a weather example. We talk about how Markov chains are represented graphically, transition matrices, stationary states, and two ways to find the stationary state from a transition matrix.
0:00 - Introduction Recap
0:23 - Motivating Example
0:54 - The Markov Property
1:42 - A Weather Example
2:51 - The Transition Matrix
5:43 - Stationary States
6:22 - The Power Method
6:37 - The Linear System Method
7:07 - Summary
