In probability theory, a balance equation is an equation that describes the probability flux associated with a Markov chain in and out of states or set of states. == Global balance == The global balance equations (also known as full balance equations) are a set of equations that characterize the equilibrium distribution (or any stationary distribution) of a Markov chain, when such a distribution exists.
In probability theory, a balance equation is an equation that describes the probability flux associated with a Markov chain in and out of states or set of states. == Global balance == The global balance equations (also known as full balance equations) are a set of equations that characterize the equilibrium distribution (or any stationary distribution) of a Markov chain, when such a distribution exists.
Source: Wikipedia "Balance equation" · CC BY-SA 4.0
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