Homogenous transition probability matrix


A homogenous transition probability matrix is given below. Find the steady state probabilities of state.

States 1 2 3 4

1 0.4 0.3 0.2 0.1

2 0.3 0.3 0.2 0.2

3 0.1 0.4 0.3 0.2

4 0.1 0.4 0.4 0.1

How would your answer change if P11 = 1.0

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Basic Statistics: Homogenous transition probability matrix
Reference No:- TGS0721140

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