Markov Chain Norris →

Analysts use them to model market regimes and asset price movements.

One of the central goals in the Norris text is finding a probability distribution $\pi$ such that: $$\pi P = \pi$$ If the chain starts with distribution $\pi$, it remains in that distribution forever. markov chain norris

While "Markov Chain Norris" is a fun coding exercise, the underlying technology powers significant parts of our digital lives: Analysts use them to model market regimes and

He began to write a different chapter instead. He called it The Weight of Yesterday: Why the Past Always Returns . markov chain norris