Stationary & Limiting Distributions With Solved Examples & Exercise || Tutorial 7 (G)

In this video, we describe the concept of stationary and/or limiting distributions of a Markov chain. The video also showed the two methods for finding stationary distributions, each with solved examples. In the latter part, the video provided a trial work with a solution in the description below this video.

Solution = 17/40

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#stochasticprocesses #limitingdistributions #statlegend