In the long run,in Markov analysis,
A)all state probabilities will eventually become zeros or ones.
B)generally,the vector of state probabilities,when multiplied by the matrix of transition probabilities,will yield the same vector of state probabilities.
C)the matrix of transition probabilities will change to an equilibrium state.
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

In the long run, the vector of state probabilities becomes stable and does not change when multiplied by the transition matrix, indicating a steady-state or equilibrium distribution.

In the Long Run,in Markov Analysis