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Learn about the stationary distribution of Markov chains in this 18-minute video lecture. Explore the concept of long-term behavior in stochastic processes and understand how to calculate the equilibrium state of a Markov chain. Discover the importance of stationary distributions in predicting the limiting behavior of Markov processes and their applications in various fields such as physics, economics, and computer science.
Syllabus
Stationary Distribution of a Markov Chain
Taught by
NPTEL-NOC IITM