MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Show full answers and steps to this exercise. Please explain how you get to the answers without using excel, stata or R
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Step 1: Summarise provided information
VIEW Step 2: Write state vector and compute probabilites for t+1 and t+2 when S and R are equally likely
VIEW Step 3: Write state vector and compute probabilites for t+1 and t+2 when S is two times more likely than R
VIEW Step 4: Find the stationary distribution
VIEW Step 5: Compute probabilities for t+1 and t+2 when S is 5/7
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