The transition matrix for a Markov chain is (A) Find the stationary matrix S. (B) Discuss the

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The transition matrix for a Markov chain is

P = -[1.2 = .3 .8

(A) Find the stationary matrix S.

(B) Discuss the long-run behavior of Sk and Pk.

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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