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Markov Models: Introduction to Markov Chains, Hidden Markov Models and Bayesian Networks
Paperback
Series: Advanced Data Analytics, Book 3
ISBN13: 9781978304871
Publisher: Createspace
Published: Oct 29 2017
Pages: 106
Weight: 0.37
Height: 0.25 Width: 6.00 Depth: 9.00
Language: English
Markov models are a powerful predictive technique used to model stochastic systems using time-series data. They are centered around the fundamental property of memorylessness, stating that the outcome of a problem depends only on the current state of the system - historical data must be ignored.
This model construction may sound overly simplistic. After all, if you have historical data why not use it to develop more complete and well-informed models? Surely, it would lead to more accurate predictions.
However, when modelling time-series data where previous results are of limited relevance, a memoryless model delivers vast performance advantages. By considering only the present state, algorithms become highly scalable, stable, fast and, above-all-else, extremely versatile. Speech recognition is a perfect example - nearly all of today's speech recognition algorthms are built using Markov Models.
In this book we will explore why a Memoryless predictive model can be so advantageous to the modern tech industry. We will take a look at fundamental mathematics and high-level concepts alike, extending our understanding of the subject beyond the simple Markov Model.
You will learn...- Foundations of Markov Models
- Markov Chains
- Case Study: Google PageRank
- Hidden Markov Models
- Bayesian Networks
- Inference Tasks
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