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Transition probabilities are typically chosen to represent characteristics of the population of interest (e.g. initiation, cessation, quitting, switching; health outcomes such as mortality and/or morbidity rates). Transition probabilities determine the rate at which the population changes with respect to time during the period of interest. For example, one might be interested in projecting the health impact of introducing a new tobacco product to the US population for a period of 50 years starting with the year 2000; transition probabilities govern transition between tobacco use behavior as well as health outcome during the projection period (50 years, in this example). The following figure shows different transition for a 2-products model developed by the FDA; each letter represents a transitional probability representing transitions from tobacco use behaviors over time.
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