Subsection 4.5.1 Markov Chains: their application
¶Matrices have many “real world” applications. As we have seen this week, one noteworthy use is connected to Markov chains. There are many, many examples of the use of Markov chains. You can find a brief look at some significant applications in {THE FIVE GREATEST APPLICATIONS OF MARKOV CHAINS by Philipp von Hilgers and Amy N. Langville. (http://langvillea.people.cofc.edu/MCapps7.pdf).
