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 upon demand}

Prerequisites / Corequisites

Advanced Data Analysis I - STAT 527 / 427

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