Markov Processes and Queueing Models, Lesson 4

Definition of a Markov chain and some basic calculations Lesson 1: Review of basic conditional probability concepts and the Law of Total Probability https://youtu.be/OBCQW3TKt5k Lesson 2: Law of Total Probability example and a review/introduction to Bayes' Rule https://youtu.be/ka5lO5o74eo Lesson 3: Conditional probability with random variables, "double conditioning" https://youtu.be/SVQGYrJW4R4 Lesson 4: Definition of a Markov chain and some basic calculations You are here! Lesson 5: n-step transition probabilities and the Chapman-Kolmogorov equations https://youtu.be/_0hpojEi0vo Lesson 6: Using absorbing states to solve problems https://youtu.be/ffiwBbhOyNY –––––––––––––––––––––––––––––– Track: Never Getting Older (VIP MIX) — Next Route [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/HgoDzOWnEZs Free Download / Stream: https://alplus.io/never-getting-older... ––––––––––––––––––––––––––––––