The matrix that is needed to compute equilibrium conditions when absorbing states are involved is called a(n)
A)transition matrix.
B)fundamental matrix.
C)identity matrix.
D)equilibrium matrix.
E)absorbing matrix.

Question

Quizplus · Accepted Answer

When absorbing states are involved, we need to calculate the fundamental matrix to compute equilibrium conditions. The fundamental matrix is a subtype of the transition matrix that only considers non-absorbing states and helps us calculate the probabilities of absorbing into each state.

The Matrix That Is Needed to Compute Equilibrium Conditions When