Basic Concepts
A distribution π of a Markov chain, as defined in Markov Chain Distributions, is a limiting distribution if for all states i, j
We get the same limit no matter what the starting value is. Thus
Equivalently, we say that a distribution π* is a limiting (aka equilibrium) distribution if
where P is the transition matrix, no matter what the initial distribution π is. Also
This means that for any set of initial states
is a square matrix of identical rows, where each row is π*
Key Properties
Property 1: A limiting distribution must be a stationary distribution.
Proof:
Property 2: If a finite Markov chain is irreducible and aperiodic, then a unique stationary distribution exists where πi = 1/ni, and this distribution is a limiting distribution.
Under construction
Links
References
Aldridge, M. (2021) Long-term behaviour of Markov chains. Introduction to Markov Processes
https://mpaldridge.github.io/math2750/S11-long-term-chains.html
Norris, J. (2004) Discrete-time Markov chains. Cambridge University Press
https://www.statslab.cam.ac.uk/~jrn10//Markov/
Pishro-Nik, H. (2021) Stationary and limiting distributions
https://www.probabilitycourse.com/chapter11/11_2_6_stationary_and_limiting_distributions.php