Research ArticleOpen accessIn the keywordsREPRESENTING MARKOV CHAINS WITH TRANSITION DIAGRAMSFarida KachapovaStochastic processes have many useful applications and are taught in several university programmes. Students often encounter difficulties in learning stochastic processes and Markov chains, in particular. In this article we describe a teaching strategy that uses transition diagrams to represent a Markov chain and to re-define properties of its states in simple terms of directed graphs. This strategy utilises the … …Journal of Mathematics and Statistics, Vol. 9, Issue 3 · 17 May 2013 · 7,534 accessesView PDFCite