VoseMarkovMatrix
See also: VoseMarkovSample,Markov Chain models
{=VoseMarkovMatrix({matrix}, T)}
This is an n x n array function that calculates the Markov chain transition matrix for T periods.
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{matrix} - the n x n array of the transition matrix for a single period.
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T - the number of periods.
ModelRisk allows non-integer values for the number of periods T. However, if the number of periods is non-integer, the transition matrix must be positive semi-definite. ModelRisk checks this during calculation and returns an appropriate error message.
To calculate how many individuals there are in each state after a certain period, use the VoseMarkovSample function.
For a more in-depth explanation about Markov Chain models, see Markov Chain models.
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