The matrix is called a stochastic matrix. Each entry pij (i j) represents the proportion of the
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is called a stochastic matrix. Each entry pij (i ‰ j) represents the proportion of the voting population that changes from party i to party j, and pii represents the proportion that remains loyal to the party from one election to the next. Compute and interpret P2.
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The P2 matrix gives the proportion of the ...View the full answer
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