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Markov system ???

  • 11-08-2004 7:35pm
    #1
    bush
    Closed Accounts Posts: 2,878 ✭✭✭


    A computer software company introduces three new products(a,b,c) into the market. Their monthly share of the market is analysed and the following results are found:
    80% of customers who buy product A, one month continue to buy product A the next month, whereas 25% of customers who buy product B one month remain loyal to product B the next month and 25% of customers who buy product C, one month buy product A the next month.
    15% of customers who buy product A, one month buy product B the next month, whereas 35% of customers who buy product B one month buy product C the next month and finally 15% of customers who buy product C one month, remain loyal the next month

    Could some please explain how to set up a transition matrix for this cos i havent a jot :eek:


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