Hi,
In the question 4.5 of chapter 4, the part 1 is asking for generator matrix of different states. I understood that the expected waiting time has to be considered for each state while calculating the transition, but why are we considering negative signs under the same states, where no such transition is possible?
Like under state A, we have -0.5, but a claim would not be staying under state A after 2 days, so why this -0.5 under A to A? Similar values are present under other states as well.
Any help would be appreciated!
Thanks and regards,
Shyam
In the question 4.5 of chapter 4, the part 1 is asking for generator matrix of different states. I understood that the expected waiting time has to be considered for each state while calculating the transition, but why are we considering negative signs under the same states, where no such transition is possible?
Like under state A, we have -0.5, but a claim would not be staying under state A after 2 days, so why this -0.5 under A to A? Similar values are present under other states as well.
Any help would be appreciated!
Thanks and regards,
Shyam