Markov Chains, Markov Process, Python, Discrete Time Markov, Probability.
interval [0.0%, 2.0%], else decrease the previous closing price by the same random percentage. Repeat this procedure for as many time steps as needed. Here is the plot of Acme’s stock price changes over 365 trading days: Closing price of Acme corporation simulated using a 2-state Markov process