Units: 1.5, Hours: 3-0
Introduction to the branch of probability theory which deals with the mathematical analysis of systems that evolve in time while undergoing chance fluctuations. Main topics include random walks, Markov chains, Poisson processes, birth and death processes, renewal theory. Examples illustrate wide applicability of stochastic processes in many branches of science and technology.
Prerequisites: 352 or STAT 350.
Undergraduate course in Mathematics offered by the Department of Mathematics and Statistics in the Faculty of Science.