STAT 5637 - Applied Stochastic Models

Credit Hours: 3 Lecture: 3 Lab: 0

Fee Type: Special
Fee ($): 40
Formulation and analysis of stochastic models with particular emphasis on applications; elements of stochastic processes; homogeneous, nonhomogeneous and compound Poisson processes; Markov Chain; transient and steady state properties of Markov processes in discrete and continuous time; basic renewal theory.