The transition matrix for a Markov chain is (A) Find the stationary matrix S. (B) Discuss the
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The transition matrix for a Markov chain is
(A) Find the stationary matrix S.
(B) Discuss the long-run behavior of Sk and Pk.
Transcribed Image Text:
P = -[1.2 = .3 .8
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A Since P is regular the stationary matrix S must exist ...View the full answer
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Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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