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Topic: Markov equilibrium
Replies: 2   Last Post: Apr 23, 2013 6:21 PM

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Rich Delaney

Posts: 382
Registered: 12/13/04
Markov equilibrium
Posted: Apr 22, 2013 2:55 PM
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As I understand it, a Markov process is a probablisitic
sequence of state transiitons. It's completely specified
by the state transition matrix.

However, I sometimes see references to the
equlibrium condition, whether it's been reached,
etc. I don't get this, can anyone elaborate?


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