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![Estimate the pth root of a Markov transition matrix](https://blogs.sas.com/content/iml/files/2023/02/MarkovRoot1.png)
You can use a Markov transition matrix to model the transition of an entity between a set of discrete states. A transition matrix is also called a stochastic matrix. A previous article describes how to use transition matrices for stochastic modeling. You can estimate a Markov transition matrix by using