Consider the Markov chain with states 0, 1, ..,n and with transition probabilities Poi Pan-1 1 Pp=1-P-1

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Consider the Markov chain with states 0, 1, ..,n and with transition probabilities Poi Pan-1 1 Pp=1-P-1 i=1,...,n-1. Show that this Markov chain is of the type considered in Proposition 4.7 1 and find its stationary probabilities.

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Stochastic Processes

ISBN: 9780471120629

2nd Edition

Authors: Sheldon M. Ross

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Question Posted: Sep 06, 2024 09:04 AM

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Consider the Markov chain with states 0, 1, ..,n and with transition probabilities Poi Pan-1 1 Pp=1-P-1

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Stochastic Processes

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