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
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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
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.