I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...

What are hidden Markov models, and why are they so useful for so many different problems? ... As a simple example, imagine the following caricature of a 5′ splice-site recognition problem.

Simple models, such as those used for Markov analysis, are often better at making predictions than more complicated models. ... An Example of Markov Analysis .

C. Bracken, B. Rajagopalan, & E. Zagona (2014). “A Hidden Markov Model Combined with Climate Indices for Multi-decadal Streamflow Simulation,” Water Resources Research, 50, 7836-7846. Abstract: ...

We provide additional insight into the role of the driving process by presenting a simple copula-based criterion that can be used to distinguish between models. Finally, we offer further insight into ...