Kristina Zucchi is an investment analyst and financial writer with 15+ years of experience managing portfolios and conducting equity research. Gordon Scott has been an active investor and technical ...

which leads to the steady-state or equilibrium solution, denoted by P: for n > 0 and where P 0,k can be deduced from the normalization condition ∑ n P n,k = 1. Note that there is no requirement of ...