Stochastic Processes with Applications
STAT 565 (3)(Also offered as MATH 540)
Markov chains and processes with applications. Classification of states. Decompositions. Stationary distributions. Probability of absorption, the gambler’s ruin and mean time problems. Queuing and branching processes. Introduction to continuous time Markov processes. Jump processes and Brownian motion.
Prerequisite: 561
{Offered on demand}
Prerequisites / Corequisites
Probability - STAT 561 / 461
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MSC 11 6325
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