A Markov assumption is that the probabilities in each row sum to 1 because they are mutually exclusive and collectively exhaustive.
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Q9: Markov analysis can be used to determine
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
Q15: The brand-switching problem analyzes the probability of
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.
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