Table 1 Traditional Markov dynamic transformation probability matrix
\({}^{{t}_{i}}\!\left/ \!{}_{{t}_{i+1}}\right.\) | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
1 | \({P}_{11}\) | \({P}_{12}\) | \({P}_{13}\) | \({P}_{14}\) |
2 | \({P}_{21}\) | \({P}_{22}\) | \({P}_{23}\) | \({P}_{24}\) |
3 | \({P}_{31}\) | \({P}_{32}\) | \({P}_{33}\) | \({P}_{34}\) |
4 | \({P}_{41}\) | \({P}_{42}\) | \({P}_{43}\) | \({P}_{44}\) |