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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 …
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 …