Estimation of Markov Chain via Rank-Constrained Likelihood

EstimationofMarkovChainviaRank-ConstrainedLikelihoodXudongLi1MengdiWang1AnruZhang2AbstractofMarkovchainswithlow-ranktransitionmatricesinthispaper.Low-ranknessisubiquitousinpractice.Forexam-Thispape...