Wednesday, 21 August 2013

Markov Chain Monte Carlo in plain English

Markov Chain Monte Carlo in plain English

I barely know what a markov chain is (I had a terrible teacher) and I
probably have an idea of what a stationary distribution is... but I don't
know how a Monte Carlo method works and I don't know how a Markov Chain
Monte Carlo algorithm works.
Can someone please explain it to me in plain English and very simple terms?

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