If we perform the calculations for steady-state probabilities for a Markov process with periodic behavior, what do we get?
A)Steady-state probabilities.
B)An unsolvable set of equations.
C)The fundamental matrix.
D)The long run percentage of time the process will be in each state.

Question

Quizplus · Accepted Answer

The steady-state probabilities for a Markov process with periodic behavior may not exist, as the process does not converge to a unique equilibrium. However, we can still calculate the long run percentage of time the process will be in each state, which gives us insight into the behavior of the system.

If We Perform the Calculations for Steady-State Probabilities for a Markov