Question: Value 20 points) Analysis questions, remember to substantiate your answer and cite / references according to APA. Rubrica: 5 pts. Answer the question correctly, completely

Value 20 points) Analysis questions, remember to substantiate your answer and cite / references according to APA. Rubrica: 5 pts. Answer the question correctly, completely and without any error with your citations. 3 pts. It answers correctly but does not set the citation n the reference. O Pts.

Answer but the information is incorrect.

1) List the assumptions that are made in the MARKOV analysis

2) What is an absorbing state? Of two examples of absorbing states

3) Describe how we can use MARKOV analysis to make predictions

4) i What is an equilibrium condition? How do we know that we have an equilibrium condition and how can we calculate the equilibrium conditions, given in the matrix of transition probabilities?

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