A Markov chain has transition matrix (a) Show that the stationary distribution is Ï = (1/4, 1/4,

Question:

A Markov chain has transition matrix

b. 1/4 1/4 1/2 0 3/4 0 1/2 d 1/3 1/2 1/6 b| 1/4 0 1/2

(a) Show that the stationary distribution is π = (1/4, 1/4, 1/8, 3/8).
(b) The Markov chain can be regarded as a random walk on a weighted graph. Determine the graph and the weights.

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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: