ABSTRACT
Invariant measures are important because they define the stationary versions of Markov chains. In addition, they turn out to be the measures that define the longterm (or ergodic) behavior of a Markov chain.
Invariant measures are important because they define the stationary versions of Markov chains. In addition, they turn out to be the measures that define the longterm (or ergodic) behavior of a Markov chain.