We consider a singularly perturbed (finite state) Markov chain and provide a complete characterization of the fundamental matrix. In particular, we obtain a formula for the regular part simpler than a ...
This is a preview. Log in through your library . Abstract Let $\{X_n, n = 1, 2, \cdots\}$ be a Markov chain with finite state space $S = \{1, 2, \cdots, d ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...