Cyclic Chains:

In Markov Chains the current state of the system depends on all previous states. It is a stochastic process.  Sometimes transition probability matrices are different from State I to State II, State II to State III etc and from cyclic chains which repeat in the same order.

Recurrent State:

A state is recurrent if it is certain to take place again, given that it has happened at least once, otherwise it is said to be transient.  In other words, a transient state will take place only a limited number of times and then go away forever whereas the recurrent state is permanent. If a process is finite (i.e. has a finite number of states) and is irreducible, then all states are recurrent. This is the most common form of Markov Chain in applications.

Posted Date: 12/8/2012 4:46:40 AM | Location : United States

Ask an Expert

Related Discussions:- Cyclic chains-recurrent state, Assignment Help, Ask Question on Cyclic chains-recurrent state, Get Answer, Expert's Help, Cyclic chains-recurrent state Discussions

Write discussion on Cyclic chains-recurrent state
Your posts are moderated

Write your message here..

Related Questions

What is solvency ratios, Explain Solvency ratios The term solvency refe... Explain Solvency ratios The term solvency refers of the ability of a concern to meet its long term obligations. The long term indebtedness of a firm include debenture holders,

Multiple products, differentiate between multiple product, selling product ... differentiate between multiple product, selling product and margin managent

Deferred tax assets and liabilitie, Prepare a multiple step income statemen... Prepare a multiple step income statement, and classified balance sheet for XYZ Corporation for 2013 in good form. The income statement should include the proper earnings per share

Transfer pricing , Western States Supply, Inc. (WSS), consists of three div... Western States Supply, Inc. (WSS), consists of three divisions—California, Northwest, and Southwest—that operate as if they were independent companies. Each division has its own sa

What are the difficulties in cost reduction, Difficulties in cost reduction... Difficulties in cost reduction 1) Resistance by employees to pressure to reduce cost usually because the nature and purpose of the campaign has not been properly explained to t

Markov properties, Markov Properties 1) Transition probabilities are de... Markov Properties 1) Transition probabilities are dependent only on the current state of the system i.e. provided that the current state is recognized; the conditional probabil

Determine the fixed assets turnover ratio, Fixed assets turnover ratio ... Fixed assets turnover ratio Meaning: this ratio establishes a relationship among net sales and fixed assets. Objective: the objective of computing this ratio is to verif

Operating leverage, How do you compare two companies operating leverage? Mu... How do you compare two companies operating leverage? Must the sales volume be set the same or the net operating income?

Inappropriate standards-implementation breakdown, Inappropriate standards (... Inappropriate standards (or targets): This is a problem arising from deficiencies in planning. If not enough time and resources are devoted to setting accurate standards in th

Cost term and cost concept, distinguish between cost unit and cost centre distinguish between cost unit and cost centre