anyone willing to explain what is "Markov chain" to me?
Stacey Warren - Expert brainly.com
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You might find the information here helpful:
"a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event."
A good example comes out from the queuing theory. If there is a n-length queue, if we assume that the queue can be modelled as a markov chain with n states, only one of the following states are possible as the next state
1- the length of the queue in the next instance is n-1 (decrease one state)
2- the length of the queue in the next instance is n+1 (increase in only one state)
3 - the length of the queue in the next instance is n (does not change)
so this means from state -n, the state cannot jump to n+r with r being other than (0 ,1 or -1) on the next instance