The fundamental matrix is derived from the matrix of transition probabilities and is relatively easy to compute for Markov processes with a small number of states.

Question

Quizplus · Accepted Answer

The fundamental matrix can be computed from the matrix of transition probabilities for any finite-state Markov process, irrespective of the number of states. However, the computations can become complex and computationally intensive for processes with a larger number of states.

The Fundamental Matrix Is Derived from the Matrix of Transition