Stationary Distribution of a Markov Chain

Stationary Distribution of a Markov Chain

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.