How to code a Markov model with inspections?

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Tarr Hu on 1 Apr 2015

Closed: MATLAB Answer Bot on 20 Aug 2021

Dear all,

As a beginner, I have a Markov chain model, I don't know how to code it though. Could you please help me?

You can assume a model of three states and please include inspections.

Best regards

Tariq

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