Solution) A transition matrix P is said to be doubly stochastic if the sum over each column equals one; that i


Question: A transition matrix P is said to be doubly stochastic if the sum over each column equals one; that is,

\[\sum\limits_{i}{{{P}_{ij}}}=1\]

If such a chain is irreducible and aperiodic and consists of M + 1 states 0, 1, …, M, show that the limiting probabilities are given by

\[{{\pi }_{j}}=\frac{1}{M+1}\]
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Solution: The downloadable solution consists of 2 pages
Type of Deliverable: Word Document

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