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(-1)]
D. P x P x P
Answer: D
Explanation:
Explanation
Assuming time invariance and the Markov property, it is easy to calculate the transition matrix for any time period as P Exam Questions

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NEW QUESTION: 1
If X represents a matrix with ratings transition probabilities for one year, the transition probabilities for 3 years are given by the matrix:
A. 3 [P]
B. P