The following data consists of a matrix of transition probabilities (P)of three potential diseases, and the initial incidence of each disease π(0).Assume that each state represents a disease (Disease 1, Disease 2, Disease 3, respectively)and the transition probabilities represent changes from one checkup to the next.What is the incidence of the three diseases in the next period?
P = π(0)= (.2, .3, .5)

Question

The following data consists of a matrix of transition probabilities (P)of three potential diseases, and the initial incidence of each disease π(0).Assume that each state represents a disease (Disease 1, Disease 2, Disease 3, respectively)and the transition probabilities represent changes from one checkup to the next.What is the incidence of the three diseases in the next period?
P =  π(0)= (.2, .3, .5)

Quizplus · Accepted Answer

The Answer of The following data consists of a matrix of transition probabilities (P)of three potential diseases, and the initial incidence of each disease π(0).Assume that each state represents a disease (Disease 1, Disease 2, Disease 3, respectively)and the transition probabilities represent changes from one checkup to the next.What is the incidence of the three diseases in the next period?
P =  π(0)= (.2, .3, .5)

The Following Data Consists of a Matrix of Transition Probabilities