Article ID Journal Published Year Pages File Type
1152912 Statistics & Probability Letters 2009 5 Pages PDF
Abstract
We analyse a Markov chain that models a process confined to a bounded interval, with the additional property that the process is constantly attracted to the centre of the interval. We study ergodic properties of the chain, and we find the limiting distribution for a specific construction using the beta distribution.
Keywords
Related Topics
Physical Sciences and Engineering Mathematics Statistics and Probability
Preview
Ergodicity of a bounded Markov chain with attractiveness towards the centre
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