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A transition matrix is a square matrix used to describe the transitions of a Markov chain.
3
votes
Accepted
Transition probability matrix rows not summing to 1
Converting comment to answer, since the comment was on the money, thereby allowing this to be closed. Credit to whuber for his initial comment.
The 3rd row of rateM sums to -0.2040817, not to zero, …
2
votes
How to Compute for the Transition Probability Matrix F
The (i,j)'th element of the probability transition matrix is defined as
P(in state j after one year | in state i now).
I.e. the (i,j) element of the probability transition matrix is the probability …
1
vote
Accepted
Why is it necessary to fix a matrix diagonal and after this calculate the exponential to ass...
There is no "initial" value of the diagonal entries in the infinitesimal generator matrix, a.k.a. transition rate matrix, I'll call it Q, of a continuous time Markov Chain. The author shows how to est …