Question: Let (Zn)nen, be a time-homogeneous Markov process with state space Z and let f: Z+Z be a function. Then the stochastic process (Yn)nen, defined by

Let (Zn)nen, be a time-homogeneous Markov process

Let (Zn)nen, be a time-homogeneous Markov process with state space Z and let f: Z+Z be a function. Then the stochastic process (Yn)nen, defined by f(Zn), n e No, is a time-homogeneous Markov process. Yn YES NO No answer Let (Zn)nen, be a time-homogeneous Markov process defined on a finite state- space. Then there exists a stationary distribution. YES NO No

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