Question: PLEASE SHOW STEPS FOR INPUT INTO EXCEL QM FOR MARKOV ANALYSIS or with JUST EXCEL WITH SCREEN SHOTS OF THE STEPS Andy Lange, president of

PLEASE SHOW STEPS FOR INPUT INTO EXCEL QM FOR MARKOV ANALYSIS or with JUST EXCEL WITH SCREEN SHOTS OF THE STEPS

Andy Lange, president of the University of South Wisconsin, is concerned with the declining business at the University Book Store. (See problem 14-14 for details chart is below). The students tell him that the prices are simply too high. Andy, however, has decided no to lower the prices. If the same conditions exist, what long-run market shares can Andy expect for the four book stores?

University Bill's College Battle's
University 0.6 0.2 0.1 0.1
Bill's 0 0.7 0.2 0.1
College 0.1 0.1 0.8 0
Battle's 0.05 0.05 0.1 0.8

The is for test book, Quantitative analysis for management

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