Question: Using Excel, as we did in Example 5-1, or another software, simulate a realization of a Markov process X t , t = 0,1, ...,

Using Excel, as we did in Example 5-1, or another software, simulate a realization of a Markov process X_t, t = 0,1, ..., such that X₀ = 1, and given X_t = x, the r.v. X_t+1 is uniform on [ 1/1+x ,1].

a realization of a Markov process Xt, t = 0,1, ..., such

that X0 = 1, and given Xt = x, the r.v. Xt+1

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