The matrix of transition probabilities below deals with brand loyalty to Bark Bits and Canine Chow dog food.
a.What are the steady state probabilities?
b.What is the probability that a customer will switch brands on the next purchase after a large number of periods?

Question

The matrix of transition probabilities below deals with brand loyalty to Bark Bits and Canine Chow dog food.  ​ 
a.What are the steady state probabilities?
b.What is the probability that a customer will switch brands on the next purchase after a large number of periods?

Quizplus · Accepted Answer

The Answer of The matrix of transition probabilities below deals with brand loyalty to Bark Bits and Canine Chow dog food.  ​ 
a.What are the steady state probabilities?
b.What is the probability that a customer will switch brands on the next purchase after a large number of periods?

The Matrix of Transition Probabilities Below Deals with Brand Loyalty