The matrix of transition probabilities gives the conditional probabilities of moving from one state to another.
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Q20: In the matrix of transition probabilities, Pij
Q21: In Markov analysis, the vector of state
Q22: One of the purposes of Markov analysis
Q23: One of the problems with using the
Q24: A matrix of transition probabilities is of
Q26: Occasionally, a state is entered that will
Q27: A collection of all state probabilities for
Q28: If we are in any period n,
Q29: In Markov analysis, we also assume that
Q30: Markov analysis is a technique that deals
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