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In stochastic modeling, there has been a significant effort towards finding predictive models that predict a stochastic process future using minimal information from its past. Meanwhile, in condensed matter physics, matrix product states (MPS) are known as a particularly efficient representation of 1D spin chains. In this Letter, we associate each stochastic process with a suitable quantum state of a spin chain. We then show that the optimal predictive model for the process leads directly to an MPS representation of the associated quantum state. Conversely, MPS methods offer a systematic construction of the best known quantum predictive models. This connection allows an improved method for computing the quantum memory needed for generating optimal predictions. We prove that this memory coincides with the entanglement of the associated spin chain across the past-future bipartition.
We study thermal states of strongly interacting quantum spin chains and prove that those can be represented in terms of convex combinations of matrix product states. Apart from revealing new features of the entanglement structure of Gibbs states our
We demonstrate that the optimal states in lossy quantum interferometry may be efficiently simulated using low rank matrix product states. We argue that this should be expected in all realistic quantum metrological protocols with uncorrelated noise an
In one-dimensional quantum systems with short-range interactions, a set of leading numerical methods is based on matrix product states, whose bond dimension determines the amount of computational resources required by these methods. We prove that a t
The theory of entanglement provides a fundamentally new language for describing interactions and correlations in many body systems. Its vocabulary consists of qubits and entangled pairs, and the syntax is provided by tensor networks. We review how ma
Using the algebraic Bethe ansatz, we derive a matrix product representation of the exact Bethe-ansatz states of the six-vertex Heisenberg chain (either XXX or XXZ and spin-$frac{1}{2}$) with open boundary conditions. In this representation, the compo