Markov Chains, Markov Process, Python, Discrete Time Markov, Probability.
calculated as follows: 2-step transition probabilities of a 2-state Markov process (Image by Image) In P², p_11=0.625 is the probability of returning to state 1 after having traversed through two states starting from state 1. Similarly, p_12=0.375 is the probability of reaching state 2 in exactly