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2. Suppose that {Yİだi are iid random variables such that P(Y-1) = p and P(Y,--1) = 1-p. Define the process (Xn)000 by the following recursive relationship Xo = 0 and -2 for n 2 1. Show that (a) (Xn)n=0 is a stationary discrete time Markov chain. (b) Find its state space S, and (c) Calculate its transition matrix P (making sure the entries in P are ordered consistently with the ordering you gave for S).

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2. Suppose that {Yİだi are iid random variables such that P(Y-1) = p and P(Y,--1) =...
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