= Transition-rate matrix
{wiki=Transition-rate_matrix}
A transition-rate matrix is a mathematical representation used primarily in the context of Markov processes, specifically continuous-time Markov chains (CTMC). It describes the rates at which transitions occur between different states in a system. \#\#\# Key Components: 1. **States**: The various possible states of the system are usually represented as rows and columns of the matrix. Each state corresponds to a node or position that the system can occupy.
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