Welcome!

This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.

You need to be registered to interact with the community.
This question has been flagged
1 Reply
37 Views

In an ergodic Markov Chain, how does one find the steady-state probabilities?

a) By using the Chapman-Kolmogorov equation

b) By simulating multiple runs

c) By solving a linear system of equations

d) By applying Bellman’s equation

Avatar
Discard
Best Answer

c) By solving a linear system of equations

In an ergodic Markov chain, the steady-state probabilities are found by solving a system of linear equations that arise from the condition that the probabilities of being in each state do not change over time (i.e., the steady-state distribution is unchanged by the transition matrix). This system typically involves setting up equations where the steady-state probabilities satisfy the condition πP=π\pi , where π\piπ is the steady-state vector and P is the transition matrix.

Avatar
Discard