File:Finance Markov chain example state space.svg

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English: New version of File:MarkovChain1.png following conversation at [1] where the state names were criticised. Recession now re-labelled Stagnant market.
Date
Source Own work
Author Gareth Jones
\begin{tikzpicture}[auto] \tikzstyle{node} = [circle, draw,text width=4.5em, text badly centered, node distance=3cm, inner sep=0pt] \node [node] (node0) {Stagnant market}; \node [node,above left of=node0,yshift=1cm] (node1) {Bull market}; \node [node,above right of=node0,yshift=1cm] (node2) {Bear market}; \path (node0) edge [bend left,->,thick] node [pos=0.5] { 0.25} (node1); \path (node1.south east) edge [bend left,->,thick] node [pos=0.5,below left] { 0.025} (node0); \path (node1) edge [bend left,->,thick] node [pos=0.5] { 0.075} (node2); \path (node2) edge [bend left,->,thick] node [pos=0.5] { 0.05} (node0); \path (node2) edge [bend left,->,thick] node [above,pos=0.5] {0.15} (node1); \path (node2.south west) edge [bend right,<-,thick] node [pos=0.5,below right] {0.25} (node0); \path (node0) edge [loop below,->,thick] node [pos=0.5] {0.5} (node0); \path (node1) edge [loop left,->,thick] node [pos=0.5] {0.9} (node1); \path (node2) edge [loop right,->,thick] node [pos=0.5] {0.8} (node2); \end{tikzpicture} 

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30 May 2013

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current22:59, 30 May 2013Thumbnail for version as of 22:59, 30 May 2013328 × 243 (33 KB)Gareth JonesUser created page with UploadWizard

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