Bernoulli processes and sum of independent random variables, Poisson processes, times of arrivals, Markov chains, transient and recurrent states, stationary distribution of Markov chains, Markov pure jump processes, and birth and death processes. Students taking this course are expected to have knowledge in probability.

Course
MATH4240 – Stochastic Processes
MIEG Elective Undergraduate
Co-requisite(s):
Unit(s):
3
Pre-requisite(s):
Exclusion:
IERG3300
Term Offered:
T2
Teacher:
Remarks: