Nowadays and mainly in the near future the wireless point-to-point or point-to-multipoint connections are operating in high frequency. These systems are applied in feeder network for future cellular mobile communication systems or BFWA (Broadband Fixed Wireless Access) networks. Besides the obvious benefits of the applied high carrier frequency there is a significant disadvantage, the considerable attenuation caused by precipitation, especially by rain. For accurate planning of the proposed microwave links the statistics of the expectable rain attenuation is highly important. Applying our previous research results the this work provides a general N-state Markov Chain model to generate rain attenuation time series on a proposed microwave link according to the link parameters. The first and second order rain attenuation statistics of the generated time series can be derived directly from the Markov model parameters, so the N-state Markov model can be applied for prediction of rain attenuation on the proposed link even in the early planning phase. With our proposed model very accurate realisation of the physical fade process can be achieved.