Markov Chain - Finite State Space

Finite State Space

If the state space is finite, the transition probability distribution can be represented by a matrix, called the transition matrix, with the (i, j)th element of P equal to

Since each row of P sums to one and all elements are non-negative, P is a right stochastic matrix.

Read more about this topic:  Markov Chain

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    And Space with gaunt grey eyes and her brother Time
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