The MarkovChain command creates a new finite state Markov chain.

The parameter P is the transition matrix; it must be a square matrix (see Matrix) of size , where  is the number of states in the Markov chain. The value  defines the probability of moving from state  to state .

The parameter S is a vector containing values for all possible states of the process.

The parameter n is the number of states per year. This process can only be simulated with  time steps per year, where  is a positive integer. Assume for example that  is a finite state Markov chain with  states per year. If we simulate the process  on the interval  with 12 time steps, then the state change can occur only at steps , , , , and .

The Finance[MarkovChain] command was introduced in Maple 15.

For more information on Maple 15 changes, see Updates in Maple 15.

Error, (in Finance:-SamplePath) update time .200000000000000011 does not belong to the time grid