A problem is classified as Markov chain provided

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A problem is classified as Markov chain provided.

A. There are finite number of possible states

B. States are collectively exhaustive & mutually exclusive

C. Long-run probabilities of being in a particular state will be constant over time

D. All of the above

Answer: Option D

Solution (By Examveda Team)

A problem is classified as Markov chain provided are there are finite number of possible states, States are collectively exhaustive & mutually exclusive and Long-run probabilities of being in a particular state will be constant over time.

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