2 Answered Questions for the topic markov chain

12/28/21

How to use the Recursive method to calculate the average number of times that the Markov chain visits a given state ?
Dear expert,In the insight of what mentioned in the appendix of this article,https://link.springer.com/article/10.1007/s11538-011-9638-4My question is, if we already have the transition probability... more
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Markov Chain Probability Markov

06/07/20

Markov Chain Problem
An investor bought shares of a company at $30 per share. Currently the value of the share is $31. The investor will sell the shares either as soon as he makes 10% or more, or when the stock drops... more
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