The transition matrix elements remain positive from one point to the next. This property is known as:
A) Steady-state property
B) Equilibrium property
C) Regular property
D) All of the above

Question

Quizplus · Accepted Answer

The property where transition matrix elements remain positive from one point to the next is known as the "Regular property." This ensures that the Markov chain has a unique steady state or equilibrium condition as it evolves.

The Transition Matrix Elements Remain Positive from One Point to the Next