Determine the asymptotic probability vector, Marketing Management

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Determine the asymptotic probability vector

Assignment:

1. Draw the transition diagram for each of the transition matrices below:

1974_P 9.jpg

1387_P 10.jpg

How do you classify the three MCs? Why? Compute the steady state probability probability vector π, whenever possible.

2. Consider the MC with transition probability

2377_P 11.jpg

Classify the MC and determine the asymptotic probability vector, if possible.

3. Consider the MC with transition probability

990_P 12.jpg

Classify the MC and determine the asymptotic state probability vector, if possible.

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Marketing Management: Determine the asymptotic probability vector

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Marketing Management: Determine the asymptotic probability vector

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