Which of the following is not one of the assumptions of Markov analysis? a. There is a

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Which of the following is not one of the assumptions of Markov analysis?

a. There is a limited number of possible states.

b. There is a limited number of possible future periods.

c. A future state can be predicted from the previous state and the matrix of transition probabilities.

d. The size and makeup of the system do not change during the analysis.

e. All of the above are assumptions of Markov analysis.

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Quantitative Analysis For Management

ISBN: 213168

12th Edition

Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna

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Question Posted: Feb 25, 2024 01:01 AM

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Which of the following is not one of the assumptions of Markov analysis? a. There is a

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e All of the above are assumptions of Markov analysis The correct statement is that all of the given ...View the full answer

Quantitative Analysis For Management

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