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Effective and efficient forecasting relies on identification of the relevant information contained in past observations -- the predictive features -- and isolating it from the rest. When the future of a process bears a strong dependence on its behaviour far into the past, there are many such features to store, necessitating complex models with extensive memories. Here, we highlight a family of stochastic processes whose minimal classical models must devote unboundedly many bits to tracking the past. For this family, we identify quantum models of equal accuracy that can store all relevant information within a single two-dimensional quantum system (qubit). This represents the ultimate limit of quantum compression and highlights an immense practical advantage of quantum technologies for the forecasting and simulation of complex systems.
Stochastic modelling of complex systems plays an essential, yet often computationally intensive role across the quantitative sciences. Recent advances in quantum information processing have elucidated the potential for quantum simulators to exhibit m
A growing body of work has established the modelling of stochastic processes as a promising area of application for quantum techologies; it has been shown that quantum models are able to replicate the future statistics of a stochastic process whilst
In this work, we present a quantum neighborhood preserving embedding and a quantum local discriminant embedding for dimensionality reduction and classification. We demonstrate that these two algorithms have an exponential speedup over their respectiv
The von Neumann entropy of a quantum state is a central concept in physics and information theory, having a number of compelling physical interpretations. There is a certain perspective that the most fundamental notion in quantum mechanics is that of
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 kn