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3170. Elementary Stochastic Processes

Also offered as: STAT 3965

3.00 credits

Prerequisites: STAT 3025Q or 3345Q or 3375Q or MATH 3160.

Grading Basis: Graded

Conditional distributions, discrete and continuous time Markov chains, limit theorems for Markov chains, random walks, Poisson processes, compound and marked Poisson processes, and Brownian motion. Selected applications from actuarial science, biology, engineering, or finance.

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