Stochastic matrix

- For a matrix whose elements are stochastic, see Random matrix
In mathematics, a stochastic matrix (also termed probability matrix, transition matrix, substitution matrix, or Markov matrix) is a matrix used to describe the transitions of a Markov chain. Each of its entries is a nonnegative real number representing a probability. It has found use in probability theory, statistics, mathematical finance and linear algebra, as well as computer science and population genetics. There are several different definitions and types of stochastic matrices: