Equation: Markov switching probabilities Transition summary: Constant Markov transition probabilities and expected durations Sample: 1 142 Included observations: 142 | |||
Constant transition probabilities: P(i, k) = P(s(t) = k | s(t − 1) = i) (row = i/column = k) | |||
|
| 1 | 2 |
| 1 | 0.961409 | 0.038591 |
| 2 | 0.039685 | 0.960315 |
Constant expected durations: |
| ||
|
| 1 | 2 |
|
| 25.91270 | 25.19846 |