Why is Markov Chain Process is better to use for a retrospective cohort data analysis for tracking the progression of undergraduate program in colleges. Give also examples why Markov Chain process is better to use than other statistical analysis like Chapman-Kolmogorov, Survival Analysis, Historical Analysis, etc.

Here are some references/similar studies:

https://sciendo.com/pdf/10.1515/orga-2017-0006

http://www3.unisi.it/eventi/dmq2006/paper/Ghellini_Maccari.pdf

https://www.academia.edu/41438855/ANALYSIS_OF_STUDENTS_ACADEMIC_PERFORMANCE_AND_PROGRESSION_USING_MARKOV_CHAIN_APPROACH_