If we are in any period n, we can compute the state probabilities for period n + 1 as π(n + 1)= π(n)P

Name: If we are in any period n, we can compute the state probabilities for period n + 1 as π(n + 1)= π(n)P
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Quizplus · Accepted Answer

This statement is true. The state probabilities for the next period can be calculated by multiplying the current state probabilities (π(n)) by the transition probability matrix (P).

If We Are in Any Period N, We Can Compute