Markov Chains, Markov Process, Python, Discrete Time Markov, Probability.
realizations possible. In a 2-state Markov process, there are 2^N possible realizations of the Markov chain over N time steps. By illustrating the march of a Markov process along the time axis, we glean the following important property of a Markov process: A realization of a Markov chain along the