MATH 220 The Transition Matrix
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MATH 220 The Transition Matrix
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MATH 220 The Transition Matrix
MATH 220 The Transition Matrix
2 Markov Chains
2.1 Basic Principles.
2.1.1 The Transition Matrix.
A stochastic process is a mathematical model of a situation in the real world that evolves in time in a probabilistic fashion, i.e. we don't seem to be able to completely predict the future. The situation in the real world is often called a system. For the time being we model the system in discrete time as opposed to continuous time. For example, this might b...
Exam (elaborations)
MATH 220 The Transition Matrix
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MATH 220 The Transition Matrix MATH 220 The Transition Matrix 2 Markov Chains 2.1 Basic Principles. 2.1.1 The Transition Matrix. A stochastic process is a mathematical model of a situation in the real world that evolves in time in a probabilistic fashion, i.e. we don't seem to be able to completely predict the future. The situation in the real world is often called a system. For the time being we model the system in discrete time as opposed to continuous time. For example, this might b...
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