Markov Chains, Markov Process, Python, Discrete Time Markov, Probability.
transition happens with probability p_11 State +1 to State -1 with transition probability p_12 State -1 to State +1 with transition probability p_21 State -1 to State -1 with transition probability p_22 The above figure is known as the state transition diagram of the Markov process. The following