Hi everyone, I have the following problem which I need to solve with either PROC OPTMODEL or PROC IML. Unfortunately I'm not advanced in either. I have a transition matrix = {0.1,0.4,0,5, 0.6,0,4,0, 0 , 0, 1}; I have periods = 12. And then my problem statement is: Matrix_nperiod = transition_matrix**n_period, and I have the error: abs(Matrix_nperiod - transition_matrix) which I would like to minimize. I have tried the following code to no avail: ( I haven't tried proc iml yet) proc optmodel; num transition_matrix {1..3,1..3} = [0.1,0.4,0,5, 0.6,0,4,0, 0 , 0, 1]; num n_period = 12; impvar Matrix_nperiod = transition_matrix**n_period; min error =Matrix_nperiod - transition_matrix; solve; print error; quit; Can somebody please help? Kind Regards,
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