I think in this case they do not sum to 40 for rock because rock was the first choice when the game started. So there were only 39 instances where they made a choice after having previously used rock (or paper or scissors). I think it makes sense but apologies that it has been a little confusing!
Hello, i am enjoying the content! I am an undergraduate and may potentially take a Health Economics master's in the upcoming years. Would you be expected to learn R when doing the master's or can you choose between R and Excel? Best wishes, Jos
This was by far the most helpful introduction to Markov models. Thank you for the great video!
That's really kind of you to say :)
Thanks, dear. Your explanations are very clear and detailed. Thanks for helping us out.
Glad it was helpful!
Can you please make a video of Markov Chain on export data of commodities
This was an awesome example. I think that the rock instances in the transition probabilities should sum to 40 and not 39 no?
I think in this case they do not sum to 40 for rock because rock was the first choice when the game started. So there were only 39 instances where they made a choice after having previously used rock (or paper or scissors). I think it makes sense but apologies that it has been a little confusing!
Hello, i am enjoying the content! I am an undergraduate and may potentially take a Health Economics master's in the upcoming years. Would you be expected to learn R when doing the master's or can you choose between R and Excel?
Best wishes, Jos
You will need to learn both, R is crucial in HE. Good luck
Great! very helpful. thanks
You're very welcome!
Thank you
You are very welcome 😊