Multiple Choice
Which of the following is not a part of the characteristics of a Markov system?
A) In each period the system can assume one of a number of states
B) Transition probabilities describing the system changes from period to period remain constant
C) The states of the system overlap
D) The probability of going from a state in period to another state in period depends only on the current state of the system
Correct Answer:

Verified
Correct Answer:
Verified
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