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A transition matrix is a square matrix used to describe the transitions of a Markov chain.

1 vote

Long run proportion of transitions in a Markov chain

This is a form of reversibility, namely that under stationarity, the probability to be in $S$ at time $t$ and move to $S^c$ at time $t+1$ is the same as the probability to be in $S^c$ at time $t$ and …
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2 votes

Markov chain transition matrix and state vector order?

The typical way of performing state simulations using matrices is to perform the following kind of calculation: $$ x_{(k+1)}=Ax_{(k)}$$ This is not correct. The Markov transition matrix $A$ sho …
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