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.

  • {matrix} - the n x n array of the transition matrix for a single period.

  • 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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