The brand-switching problem analyzes the probability of customers' changing brands of a product over time.
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Q10: Markov Analysis always results in a steady
Q11: A transition matrix cannot cause the system
Q12: Markov analysis does not provide a recommended
Q13: A Markov assumption is that the probabilities
Q14: A Markov assumption is that the probabilities
Q16: Markov analysis provides information on the probability
Q17: Markov analysis is a descriptive technique that
Q18: Markov analysis is not a descriptive technique
Q19: Markov analysis is an optimization technique.
Q20: The state of the system is where
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