Chapter 6: Stochastic Process — Statistics II (STA215) Notes
Definition and classification, Markov Process: Markov chain, Matrix approach, SteadyState distribution, Counting process: Binomial process, Poisson process, Simulation of stochastic process.
Topics & Key Objectives in Chapter 6
Definition and classificationMarkov Process: Markov chainMatrix approachSteadyState distributionCounting process: Binomial processPoisson processSimulation of stochastic process.
