In Markov analysis, to find the vector of state probabilities for any period
A)one should find them empirically.
B)subtract the product of the numbers on the primary diagonal from the product of the numbers on the secondary diagonal.
C)find the product of the vector of state probabilities for the preceding period and the matrix of transition probabilities.
D)find the product of the vectors of state probabilities for the two preceding periods.

Question

Quizplus · Accepted Answer

To find the vector of state probabilities for any period in Markov analysis, we need to find the product of the vector of state probabilities for the preceding period and the matrix of transition probabilities. This is the essence of the Markov analysis, which allows for predicting the probabilities of being in a particular state in the future based on the probabilities of being in the states in the preceding period. Therefore, the correct choice is C. Choices A, B, and D are not applicable in Markov analysis.

In Markov Analysis, to Find the Vector of State Probabilities