A random walk is a random path most often represented as a random number that changes over time. In particular, one common random walk is that in which the starting state is 0 and in each iteration we either add 1 or subtract 1 from the current value with equal probability. That is, in the first step, the next value would be 1 with probability 0.5 and -1 with probability 0.5. Use R to generate a random walk with 100 values starting at value 0 and store the values in a vector called random_walk. This vector should have length 100.

A random walk is a random path most often represented as a random number that changes over time. In particular, one common random walk is that in which the starting state is 0 and in each iteration we either add 1 or subtract 1 from the current value with equal probability. That is, in the first step, the next value would be 1 with probability 0.5 and -1 with probability 0.5. Use R to generate a random walk with 100 values starting at value 0 and store the values in a vector called random_walk. This vector should have length 100.

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter17: Markov Chains

Section: Chapter Questions

Problem 12RP

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