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Keywords: Profitability
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Journal Articles
Journal: Kybernetes
Kybernetes (1998) 27 (1): 54–70.
Published: 01 February 1998
... probabilities and state transition probabilities show interesting changes in the transformation patterns of the firms over time. Shows that Markov models can be valuable tools in predicting switches in profitability of firms. The Pearson χ2 is written as where fijk...

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