Example Markov Chain from page 139 of Resnick. The protagonist, basketball player "Happy Harry's" productivity fluctuates between three states (0-1 points), (2-5 points), (5 or more points) and the transition between states can be modeled using a Markov Chain. Used as a motivating example to calculate the long run proportion of time spent in each state using the statdist function.

Sidney Resnick "Adventures in Stochastic Processes"

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DTMCPack documentation built on May 29, 2017, 3:20 p.m.

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