Practice question · Estimate
After 10 periods, a Markov component with has magnitude . Estimate this value (in thousandths).
Estimate on a scale from 0 to 10 (thousandths) (10).
Hints
- .
- That is roughly 0.001, or about 1 thousandth.
Show the answer
0.977 (answers within ±0.5 count)
Why
, essentially zero. After 10 doublings of halving, the component has almost completely died out.
Practise Matrix Diagonalisation
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