Let Z1, Z2, form a Markov chain, and assume that the distribution of Z1 is the stationary distribution Show that the joint distribution of (Z1, Z2) is the same as the joint distribution of (Zi, Zi 1) for all i 1 For convenience, you may assume that the Markov chain has finite state space, but the r...

Let hz stand for the pf or pdf of the stationary distribution and let g zz stand for the conditional ...

Let Z1, Z2, . . . form a Markov chain, and assume that the distribution of Z1

Question:

Let Z1, Z2, . . . form a Markov chain, and assume that the of Z1 is the stationary Show that the joint of (Z1, Z2) is the same as the joint of (Zi, Zi + 1) for all i > 1. For convenience, you may assume that the Markov chain has finite state space, but the result holds in general.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...