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True or false: The Markov Analysis is a type of analysis that allows us to predict...

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Basic Math

True or false: The Markov Analysis is a type of analysis thatallows us to predict the future by using the state probabilitiesand a Matrix of Transition Probabilities.

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AnsTrueExplanationMarkov Analysis is a method used to forecastPredictthe value of a variable whose future value is influenced only byits current position or state not by any prior activity that ledthe variable to its current position or state and    See Answer
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