While calculating equilibrium probabilities for a Markov process, it is assumed that
A) There is a single absorbing state
B) Transition probabilities do not change
C) There is a single non-absorbing state
D) None of the above

Question

Quizplus · Accepted Answer

Transition probabilities in a Markov process are assumed to be constant over time, meaning they do not change. This is a fundamental property of Markov processes, allowing for the calculation of equilibrium probabilities.

While Calculating Equilibrium Probabilities for a Markov Process, It Is