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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MSC11 6325
1 University of New Mexico
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