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1 Limiting distribution for a Markov chain

1 Limiting distribution for a Markov chain

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1 Limiting distribution for a Markov chain In these Lecture Notes, we shall study the limiting behavior of Markov chains as time n!1. In particular, under suitable easy-to-check conditions, we will see that a Markov chain possesses a limiting probability distribution, ˇ= (ˇ j) …

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