Modeling Manufacturing Data Using Markov Chains

Markov process, despite its simplicity, continues to find practical uses with real-world manufacturing datasets.

Markov chain is a simple mathematical model with wide machine-learning applications. It tries to model a system that transitions from one state to another, where the probability of transitioning to a given state depends only on the system's current state. The critical element of a Markov chain is the transition matrix, which is a square matrix that describes the…