Future of India in Asian Games: A Prediction Based on Markov Chains: A Statistical Analysis of India's Future Performance in the Asian Games

Abstract

Markov Chains methods are principally used for analysis and prediction. It comes out as the primary and most powerful technique to predict the long-term behavior of the performance of India in Asian Games. This paper borrows transition matrix as a forecasting instrument for determining the performance of India in future. The data for this study have been obtained from the medal table of Asian Games from social source. We have dene various Markov chains on the basis of data and obtained the transition probability matrix for all the cases. Also we have obtained the stationary distribution of the above mentioned Markov Chains.