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    Some properties of transition matrices for chain binomial models

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    Abstract
    A chain binomial model is a Markov chain with a transition matrix whose rows are binomial probabilities. Two such chains are presented and illustrated with possible applications. The paper will focus in particular on some interesting properties of the transition matrices.
    Citation
    Jones, G. (2005), Some properties of transition matrices for chain binomial models, Research Letters in the Information and Mathematical Sciences, 8, 203-207
    Date
    2005
    Author
    Jones, G.
    Publisher
    Massey University
    URI
    http://hdl.handle.net/10179/4465
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    • Research Letters in the Information and Mathematical Sciences
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