Stochastic Processes with Applications
MATH 540 (3)(Also offered as STAT 565)
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: STAT 527
{Offered on demand}
Prerequisites / Corequisites
Advanced Data Analysis I - STAT 527 / 427
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Office of the Registrar
MSC11 6325
1 University of New Mexico
Albuquerque, NM 87131
Phone: (505) 277-8900
Fax: (505) 277-6809