Which of the following is not an assumption of Markov processes?
A) The state variable is discrete.
B) There are a limited number of possible states.
C) The probability of changing states remains the same over time.
D) We can predict any future state from the previous state and the matrix of transition probabilities.
E) The size and the makeup of the system do not change during the analysis.
A
You might also like to view...
The holding period return (HPR) is the return measured from the initial purchase to the final sale of the investment without regard to the length of time the investment is held
Indicate whether the statement is true or false.
Based on the pros and cons of conforming to the industry standard, when should you make your product compatible with the existing industry standard?
a. if the market is mature and most customers are in the late majority b. if the market is young and most customers are in the late majority c. if the market is mature and most customers are early adopters d. if the market is young and most customers are early adopters