Transition probabilities, Managerial Accounting

Transition probabilities

These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.



Sum of probabilities in any row equals one    OR


Sum of probabilities in any column equals one


Posted Date: 12/8/2012 4:40:34 AM | Location : United States

Related Discussions:- Transition probabilities, Assignment Help, Ask Question on Transition probabilities, Get Answer, Expert's Help, Transition probabilities Discussions

Write discussion on Transition probabilities
Your posts are moderated
Related Questions
The most ticklish difficulty that is faced through the finance manager is the resolve of the amount of working capital requirement at a specific level of production. To resolve thi

what are the stages of operational research

disadvantages of transfer pricing

Scorecard The traditional approach to the monitoring organizational performance has focused on the financial measures and the outcomes. Increasingly, companies are realizing th

Risk seeking:  A risk seeker is a decision maker who is concerned in the best likely outcome no matter how small the chance that they might take place i.e. he takes high risks

Positioning An essential part of the planning process is positioning the organization to attain its goals. Positioning is a wide concept and depends on gathering and evaluating

Explain what is meant by traditional costing system. Support with example.

Decision-making is an integral part of all management functions. It is the process of choosing the among alternative courses of action. Managers have to

Break even point or B.E.P. pricing method : Break even point is the volume of sales at which the total sale revenue of the product is equal to its total cost. In other words, it

taking the role of a consultant, discuss the factors you would consider in selecting a suitable accounting system solutio for a small to medium enterprise. i has to be 1200 q\work