[9] Markov chains can be used to model the voting behavior. Suppose the U.S. pop- ulation of voters are distributed between Democratic (D), Republican (R), and Independent (I) parties. Suppose that transition probabilities between parties can be represented as in the following diagram (ignore non-participation) R 0.2 0.1 D
[9] Markov chains can be used to model the voting behavior. Suppose the U.S. pop- ulation of voters are distributed between Democratic (D), Republican (R), and Independent (I) parties. Suppose that transition probabilities between parties can be represented as in the following diagram (ignore non-participation) R 0.2 0.1 D
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Show full answers and steps to this exercise. Please explain how you get to the answers without using stata, R or excel
![[9] Markov chains can be used to model the voting behavior. Suppose the U.S. pop-
ulation of voters are distributed between Democratic (D), Republican (R), and
Independent (I) parties. Suppose that transition probabilities between parties can
be represented as in the following diagram (ignore non-participation)
R
0.3
0.1
0.2
0.1
0.3
0.1
a) Write down the corresponding Markov chain model. In particular, write down
the state vector and transition matrix explicitly.
b) Suppose that somehow the transition probability from D to R is expected to
rise to 0.25 from 0.20, and the transition probability from D to D remains the
same. Describe qualitatively, how Democratic, Republican and Independent
votes will evolve until the new stationary distribution is reached.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3574180-5be7-46af-9f18-c1fbb9ec682c%2F63b4ceff-f839-4472-9fd6-287195413ed5%2F2qlhb1m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[9] Markov chains can be used to model the voting behavior. Suppose the U.S. pop-
ulation of voters are distributed between Democratic (D), Republican (R), and
Independent (I) parties. Suppose that transition probabilities between parties can
be represented as in the following diagram (ignore non-participation)
R
0.3
0.1
0.2
0.1
0.3
0.1
a) Write down the corresponding Markov chain model. In particular, write down
the state vector and transition matrix explicitly.
b) Suppose that somehow the transition probability from D to R is expected to
rise to 0.25 from 0.20, and the transition probability from D to D remains the
same. Describe qualitatively, how Democratic, Republican and Independent
votes will evolve until the new stationary distribution is reached.
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