To Find the Equilibrium State in Markov Analysis

question 9

Multiple Choice

To find the equilibrium state in Markov analysis,

• A)it is necessary to know both the vector of state probabilities and the matrix of transition probabilities.
• B)it is necessary only to know the matrix of transition probabilities.
• C)it is necessary only to know the vector of state probabilities for the initial period.
• D)one should develop a table of state probabilities over time and then determine the equilibrium conditions empirically.
• E)None of the above

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