In the thesis we discuss matrix powers and sequences of matrix powers. We first give motivating examples and make an overview of the concepts from linear algebra needed to understand the text. We look at matrix polynomials and functions and list some basic concepts from spectral theory. In the central part, we look at coordinate sequences, asymptotic behavior of matrix sequences, and Cesàro summability. Finally, the knowledge gained during the thesis is used to analyze Markov chains.
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